Very expensive HDB flat. But, who knows? 20 years down the road it may cost more than 1 million?!

--------------------

The second DBSS site is at at the junction of Boon Keng Road and Bendemeer Road. Click here (471KB) to view the site map.

It is strategically located next to the Boon Keng MRT station, and just minutes away from the major expressways. Shopping belts such as the Suntec City Mall, Parco Bugis Junction and Marina Square are also nearby. With the Bendemeer Hawker Centre and Lavender Food Square located in the vicinity, food lovers will have a wide selection of ready meals. Other amenities such as provision shops, boutiques, clinics, etc are also aplenty.

For enquiry, please call Hoi Hup Sunway Development at 6258 5955 / 9188 0001 or email: enquiry@hoihup.com. You can also visit their website at http://www.hoihup.com.

This is the location of City View @ Boon Keng

Text source: HDB

News on 17 Jan 2008

1. Strong demand for Boon Keng flats - ST, H8
2. Boon Keng bonanza - Today, p6
3. Strong demand for DBSS project - Zaobao (17/1/08), p5
(Sub-headline: Five applications for each unit at Yishun and Boon Keng)
4. Good reaction to new flats; five applications for every unit - My Paper (17/1/08), pB4
5. Close to 4,000 people applied for City View@Boon Keng flats - Wanbao (16/1/08), p5
With a few hours before application closed yesterday, the Boon Keng Road DBSS flats had already attracted about 3,500 applications for its 714 units, or five home seekers for every one unit available.This prompted concerns among some applicants about their prospects in the ballot. Developer Hoi Hup Sunway Development felt vindicated by the strong demand, as concerns were previously raised about the high prices of the flats. Some potential homebuyers told TODAY that they were deterred by the prices, which exceeded their budget for a HDB flat. But there were also those who felt that the good location and pleasant city views were worth paying the premium for. The report also noted that demand for City View was not as strong as the first DBSS launched in Tampines. Property pundits speculated that the high pricing could have dampened demand. Another pointed out that the Tampines project was located in a mature estate, providing ready pool of upgraders. They also cautioned that HDB should not replace standard public housing with this developer-led-model as it would price out the low-income buyers.
Similar report in CNA

cannot compare like that.

Kerrisdale is near to an old "lighted" district and little india and no racial quota at Kerrisdale. 

City View is sandwiched between industrial and residential area, nearer to MRT and other amenities like wet market, cc and famous primary school within 1 km radius.

Area hoarded up. Construction to begin soon?

HDB has this rule that applicants that own/sold their private apartment within 30 months of the date of application cannot apply for new flats? That includes DBSS and EC too.

Can't be from en bloc. Unless... they use their children's name to apply while paying for the flat.

cannot be leh.. cos if u are a private property owner... u need to wait 30 mths before u can apply for a HDB flat .. and en bloc fever only started like last yr.... but the prices for these new flats are really high.... I think those who can really finance it are maybe existing flat owners... so after selling their current flat, they just need to borrow the remaining amount from either HDB or the bank. Else with such high selling flat, I doubt 1st time buyers can afford the monthly installments.

dun think so.. it's taken at the pt of application..

Good location! 

The prices for Singapore's 2nd DBSS site at Boon Keng.

3rms - $349,000 to $394,000
4rms - $523,000 to $597,000
5rms - $536,000 to $727,000

It's a more than 50% increase over the last DBSS at The Premiere @ Tampines.

if you can't wait 2 - 3 yrs,

for same location, cheaper to buy Blk 108C McNair and nearer to MRT station, but u need a lot of upfront CASH for the COV as valuation is still quite low and here's some recent transactions :

for 4 room :

 for 5 room :

This project City View @ Boon Keng makes Pinnacle @ Duxton more and more like a bargain.

prices are so high, yet is still hugely popular among people leh. think they all want to re-sell it out

then the lush greens depicted in the picture is just the artist's impression?