Saturday, April 28, 2012

Pasir Ris One@Pasir Ris

Looks like this is going to be the last of the DBSS launches. I still have no idea what's the whole point of creating the DBSS sites because it is neither here (HDB) nor there (private). However, if they revive the concept of private apartments, just maybe this will make sense. I will not repeat what I have written in my other posts on DBSS and you can refer to my other posts for more information.

DBSS @ Pasir Ris has been named Pasir Ris One, and is located at Pasir Ris Central, right next to White Sands. The indicative pricing and configuration are as follows:

3 room~65 sqm
(103 units)
from $390,000

A/c Ledge;
Living Room w/ Balcony

4 room~86 sqm
(237 units)
from $550,000

Big A/c Ledge;
Living Room w/ Big Balcony;
Master Bedroom w/ Big Balcony

5 room~105 sqm
(107 units)
from $650,000

Big A/c Ledge;
Living Room w/ Big Balcony;
Master Bedroom w/ Big Balcony;
Suggest Study Room location

You can take a look for more information here. The pricing for Pasir Ris One as usual is off the charts, mainly because it is next to White Sands, and near many schools. It is also not stated that there are built-in wardrobes, kitchen cabinets and appliances, air-conditioning system, etc. However, so far I've not seen a DBSS that does not provide this standard furnishings.

Based on the floor plan, the flats look quite small because even the 3-room flats have balconies. For 4-room flats and 5-room flats, both include big balconies for the living room and master bedroom respectively. Although it is not stated the size of the interior, it should be quite small based on the floor map. However, I like the fact that it is squarish in shape and that the bomb shelter is accessed through the kitchen so the ugly door is hidden from the living room. The kitchen is also the longish rectangular kind so it should be more "spacious". The suggested study room location may also mean that it is optional for the 5 room flats so you may have a bigger living room/dining room.

The Centrale8 post includes some of the calculations I did to see if it fits into my affordability matrix so I will not repeat it here. The psf pricing ranges around $650psf. Although it is next to White Sands shopping mall and the MRT, the simple fact is that it's right at the other end of the island. It may make sense if you work near Pasir Ris but for that price, I think the resale HDB at Pasir Ris should be cheaper.

Is it worth paying $650psf for a HDB flat, 99 year lease, with all the quotas and limitations?

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