THEY may have paid high prices, but residents of Design, Build
and Sell Scheme (DBSS) flats said they are confident that the
better location of their estates will land them good resale prices
in future.
Industry observers and academics agree that it is the location -
and not so much the touted better fittings and design - that could
help the owners command a premium in the resale market.
DBSS flats have been in the news after the developer of the
Centrale 8 project in Tampines drew flak for pricing units at high
prices.
PropNex chief Mohamed Ismail said: 'Today, it is a DBSS flat,
but five years from today, it will be another ordinary HDB flat.
The valuation then will focus on the good location of the flats and
the market sentiment.'
Agreeing, SLP International head of research Nicholas Mak said:
'No one knows what the market will look like in five years'
time.'
Associate Professor Yu Shi Ming, who heads the department of
real estate at the National University of Singapore, said the
distinction between a DBSS flat and a Build-To-Order (BTO) one will
narrow when both enter the resale market in years to come.
-- ST
See?
Many Singaporeans have this firm belief that property prices can
never fall in Sg.
Who cares about job loss, retrenchment, global recession or
credit crisis? 