Published November 17, 2010
First Yishun DBSS project to be launched after CNY
By KAREN NG
ADORA Green, for which a groundbreaking ceremony was held yesterday, will be the first design, build and sell project in Yishun under the Housing & Development Board's DBS Scheme. 'The development will be launched next year after the Chinese New Year season,' said Guthrie SK Land executive director Michael Leong. 'The price of the flats is expected to range from $450-500 per square foot.'
The project, at the junction of Yishun Avenue 11 and Yishun Central, will comprise about 800 apartments. Some 65 per cent will be four-room flats, 15 per cent will be five-room flats and the remaining 20 per cent three-room flats. Sizes range from 67 square metres for a three-room flat, 92 sq m for a four-room flat and 112 sq m for a five-room flat. Costs will be $300,000-400,000 plus for a three-room flat, $400,000-500,000 plus for a four-room flat, and $500,000-600,000 plus for a five-room flat.
Under DBSS, private developers build public housing flats with condo-like finishes. Adora Green will comprise six 16-storey blocks, with recreational facilities such as fitness stations and barbecue pits, as well as commercial facilities such as a mini-mart, shops, an eating house and childcare facilities.
At yesterday's ground-breaking ceremony, Minister for Law and Home Affairs K Shanmugam said: 'One of these measures was to allow eligible first-time households with a monthly income between $8,000 and $10,000 to buy new DBSS flats with a CPF housing grant of $30,000. This revision will be applicable to DBSS projects launched for public sale after Aug 30, 2010 which includes Adora Green.'
Source: www.businesstimes.com.sg
