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Bumper profits may escape The Premiere sellers

Buyers of DBSS project unlikely to accept asking prices of $720k-$850k for five-room units

Published Wed, Jan 8, 2014 · 10:00 PM
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[SINGAPORE] Residents at The Premiere who are banking on their units' better location and fittings to land them a good resale price might be in for a rude awakening.

Units in the five-year-old pilot Design, Build and Sell Scheme (DBSS) project in Tampines Avenue 6 are now ripe for the resale market, but a scan of the advertisements on various marketing platforms shows that sellers are asking for higher prices than consultants think the market will accept.

The asking prices for five-room units, available in 1,173 sq ft, 1,184 sq ft and 1,227 sq ft configurations, are sitting between $720,000 and $850,000.

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