THE priciest-ever new HDB flats went up for sale yesterday under a Design, Build and Sell Scheme (DBSS) development launched in Tampines.
The most expensive five-room flats at Centrale 8 by developer Sim Lian will set buyers back a cool $880,000.
That works out to a whopping $750 per square foot - a price tag more often seen on suburban condominiums.
PropNex chief executive Mohamed Ismail said he did a double take when he first heard about the prices.
'No doubt it's in Tampines, which is a mature estate with many good things going for it, but it is still extremely high for a public housing flat,' he said.
DBSS flats are public housing units designed and built by private-sector developers and they typically come with more luxurious fittings.
The most expensive five-room flats at Centrale 8 by developer Sim Lian will set buyers back a cool $880,000.
PropNex chief executive Mohamed Ismail said he did a double take when he first heard about the prices.
'No doubt it's in Tampines, which is a mature estate with many good things going for it, but it is still extremely high for a public housing flat,' he said.
DBSS flats are public housing units designed and built by private-sector developers and they typically come with more luxurious fittings.
