First of DBSS flats enter resale market

SINGAPORE — The first three of the Housing and Development Board’s (HDB) Design, Build and Sell Scheme (DBSS) flats have entered the resale market.

The flats, which are located in Tampines, have found buyers after the sellers served their minimum occupation period of five years.

The first two five-room DBSS resale units will be sold for S$671,000 and S$699,000. A five-room DBSS flat typically sold for between S$308,000 and S$450,000 when they were first introduced.

Another DBSS resale flat — a four-room unit — will be sold for S$582,000. Such four-room DBSS units typically sold for between S$288,000 and S$410,000 when launched.

DBSS flats are of a higher design quality than regular HDB units.

These resale flats come under new rules, where buyers and sellers have to agree on a price before units receive their valuation. CHANNEL NEWSASIA