Approximately a decade ago, when the Design, Build and Sell Scheme (DBSS) came to an end, the event was largely met with nonchalance. From property blogs to casual conversations, the consensus seemed to favour the scheme's termination. For most people, the differences between an HDB and a DBSS often weren't stark enough to justify the higher price tags. Neither were.
Buying an HDB resale flat comes with its perks - one of it being the generous HDB resale grants you can qualify for. In 2019, HDB raised the income ceiling for the CPF Family Grant from $12,000 to $14,000 and launched the new Enhanced CPF Housing Grant (EHG). This enables more resale buyers to qualify for housing grants and get.
A 1,130 square feet HDB resale flat in Bedok has just been sold for $1 million, making it the first five-room resale flat in the estate to join the million-dollar-flat club. The flat is located within the 10th and 12th floor range of Blk 747B in Bedok Reservoir Crescent, which is part of Belvia, a DBSS project. The project TOPed.