Some 4,000 show up at launch of DBSS project, The Peak @ Toa Payoh

Source : Business Times - 15 Apr 2009

Some 4,000 people showed up at the launch of “The Peak at Toa Payoh” on Wednesday - a project under the HDB’s design, build and sell scheme (DBSS).

There were some 100 people lining up outside the development even before it was launched at 8am.

Analysts said that’s not a bad turnout especially since a premium five-room flat there costs more than S$700,000.

The development offers some condominium-style facilities.

However, the project does not have swimming pools or gyms.

But it comes with a card-access security system at all ground-floor lift lobbies.

The Peak is the HDB’s fifth DBSS project so far.

Source : Channel NewsAsia - 15 Apr 2009

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Private home sales hold up

Posted by luxuryasiahome on April 15, 2009

Property developers sold 1,220 new private residential units in March, said the Urban Redevelopment Authority on Wednesday.

This is a slight dip from the 1,332 units sold in February but the number still exceeds the 108 units sold in January.

The launch of Double Bay Residences in Simei provided some support to March sales - 264 units were sold, the highest among the more than 400 projects listed.

In total, developers launched 832 units in March. This is lower than the 1,072 in February.