Teak Parquet Flooring

73% jump of prices from first DBSS project

In 2005, the Housing and Development Board (HDB) launched the Design, Build and Sell Scheme (DBSS), which allowed the private sector to design, build, and sell HDB flats.

By 2006, it had introduced the first public housing project developed and sold by a private developer. Developed by the Sim Lian Group, The Premiere@Tampines had air-conditioning units installed, floor-to-ceiling wardrobes, and teak parquet flooring. Kitchens had cabinets and Italian hobs, while bathrooms had glass shower screens and fancy shower heads. It was launched in 2009, with the biggest 5-room flat costing $450,000.

Now, fast forward to six years later, and Sim Lian Group is again the developer for the eighth DBSS site, Centrale 8 located in Tampines.

The developer announced the 'indicative prices' of the newest flats last Thursday, causing much uproar, as Singaporeans reacted to what was widely seen as grossly expensive HDB flats. It said then that the biggest 5-room flats for the units in Tampines could cost as much as $880,000.

It has since slashed down the prices by $102,000, with the maximum price for the biggest flats costing $$778,000 instead.

This shows a 73 per cent jump from The Premiere's 2009 price.

We take a look at the other DBSS projects, and how much they cost.

brazilian teak hardwood floor | My Home And Garden Tips

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