DBSS meaning in General ?

General Miscellaneous in General . 1 month ago

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What is Design, Build and Sell Scheme mean?

Design, Build and Sell Scheme (abbreviation: DBSS) was introduced by the Housing and Development Board in 2005. Flats built under the scheme were meant for public housing and developed by private developers. They were built with supposedly better designs and mostly in matured estates such as Tampines, Ang Mo Kio and Bishan. There were 13 DBSS projects, totaling 8,533 units. The scheme attracted public outrage when a series of five-room DBSS flats developed in Tampines by Sim Lian Group Limited opened for sale at S$880,000, way higher than what could be afforded by most middle-class families. As HDB did not control the pricing of DBSS units being sold, the scheme was poorly received and subsequently suspended indefinitely.

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Posted on 15 Nov 2024, this text provides information on General related to Miscellaneous in General. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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