Another DBSS site for sale! At Bishan St 24.

The advert today.

See its location from an aerial view

location of its map

Sitemap and location map sourced from HDB

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This site has an allowable gross floor area of 3.5 and the max height limit is 153m. I guess it would be 40-storey high!

Probably, another site with breathtaking views!

With many good schools in the vicinity, this will be another hotcake like City View @ Boon Keng.

The tender closed at 12 noon today with 3 bids received. The details of the provisional tender results are as follows:

From: http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/D343EED77D8AE4C9482573F4002212E0?OpenDocument

Wonder who will get it?

1. China firm puts in top bid for Bishan HDB site - BT, p11 
2. Three bid offers for DBSS site at Bishan St 24; China company with the highest bid – ZB (20 Feb 2008), p7

A third China-based company has ventured into Singapore's property sector by placing the highest bid of $135.9 million (or $237 psf ppr) for the Bishan DBSS tender that closed yesterday.

Qingdao's plan is to build a 400-unit development and will release the launch prices and date later. PropNex CEO Mohamed Ismail said that if Qingdao Construction was awarded the project, the sale price would probably be above $600 psf, which is more than $600,000 for a four-room flat. He opined that this price is reasonable for a flat in Bishan.

Qingdao Construction Group has been in Singapore for the last nine years and has entered the property market to capitalize on the demand for premier HDB flats. Qingdao's business activities are financially backed by the China Development Bank and the Export-Import Bank of China. A Savills analyst noted that the Chinese Govt is seen seeking more overseas investments and this may in turn see more Chinese developers and construction firms seeking investments in Singapore.

ya $600K for a 4rm flat is really too exp.... how is the couple who earns less than $8000 per month gonna pay for the loan..... sigh.... I get to appreciate my own flat better now... got it really low and though it's far from the city but I like the environment here

don't think DBSS is driving up the prices of public housing.

These are the main drivers:
> better income and job stability than it was 2 years ago
> more enbloc / selling private properties for a profit "downgraders" buying resale flats at higher price + media reporting
> private housing becoming more expensive comparatively
> construction and material costs have all gone up a few times than it was 2 years ago (even daily essentials like flour, milk and rice prices have gone up!)

huh?? $600k so expensive??? hw u noe??? 4room so ex??? machiam like can buy condo liaoz loh, but hdb??

See the quoted post 

i love bishan...near my bf's hse... qualify for the live-near-parents grant... aggh...why they open the site to DBSS and not BTO???

the difference is so great..even buying a 3room at this DBSS site... can buy 2X BTO (4Room)...

Hw to live near parents when all the new flats are so far away from the older houses where parents are currently staying?? sighz..i wanna get married de... I support gov's policy..but now, they policy are making me... cant get married liaoz... $600k = $2k+ per mth for monthly installment for 30years loan... (if i m not wrong)...which young couple can afford???

Look for alternatives.

How about resale flats in that area. After renovation, flat can be as good as new

"$600k = $2k+ per mth for monthly installment for 30years loan... (if i m not wrong)..."

i think u are wrong. need to minus off $200k paid first and then take a $400k loan which will work out $2k+ per month for 30 yr loan.

can consult Edward Sim in Classifieds.

hmm..i always tot resale=market price= expensive and new flat= high subsidy= cheap.. who noes nw its way too ex... 600k for 4room..i might as well top abit more buy condo??

i dun mind resale flat.. but worry bout the price... we are jus two young couple starting out...

wah...downpayment $200k... they said that the dbss is catered to young couple too.. which young couple can afford a downpayment of $200k?

21 Apr 2008

1. Successfully bidder for Bishan DBSS project Qingdao Construction wants to bring flat development experience back to China – ZB (21 Apr 2008), Frontpage

2. Live in flats first before building one – ZB (21 Apr 2008), p4

3. China construction firm to develop affordable and beautiful DBSS flats using China brands – My Paper (21 Apr 2008), B6

Lianhe Zaobao carried an exclusive interview with Zuo Haibin, general manager of the Singapore office of Qingdao Construction. Qingdao Construction that was recently awarded the DBSS project at Bishan.

The company was also the first foreign developer to be awarded a DBSS project. The company had been involved in the construction of flats here since the start-up of the company in 1999, where they were either the subcontractor or main contractor for these projects. Before the Bishan development, the company was also in a partnership for a HDB Design and Build project.

During Premier Wen Jiabao’s visit to Singapore in November last year, Wen Jiabao expressed hopes that China could learn from Singapore in terms of public housing. This spurred Qingdao Construction to bid for the Bishan DBSS project.

Zuo Haibin said that there are many aspects in the public housing of Singapore that China can learn from and he intend to bring this expertise back to China in future. Chang Hanqin, the finance manager, one of the few management of that company that lived in HDB flats, said that his experience of living in a flat was an eye-opener for him.

On the design of the DBSS project, Qingdao said that it would be importing China products for the facilities in the project. My Paper also carried a brief report lifted off Zaobao.