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They are:

  • The Yishun DBSS site awarded in May 2010 has an estimated yield of 700 units;
  • Another DBSS site at Tampines PH2, launched on 23 Jun 2010 for sale by public tender, has an estimated yield of 580 units;
  • Two new DBSS sites in Bedok Reservoir and Upper Serangoon, to be launched later this year, will yield another 1,000 flats;
  • Four EC sites in Sengkang, Yishun and Punggol yielding an estimate of 1,985 units had been awarded in 1H2010; and
  • One EC site in Jurong with an estimated yield of 460 units was launched on 2 Jul 2010 with tender closing on 12 Aug 2010.

There are also four sites in the pipeline for EC supply located in Punggol, Pasir Ris, Bukit Panjang and Tampines, expected to yield another 1,900 units.

HDB says it is prepared to launch more sites for DBSS development if there is sustained demand.

HDB rental market

Subletting transactions increased by about 15% from 6,606 cases in the first quarter of 2010 to 7,595 cases in the second quarter of this year. 

The median rental price for a five-room flat is about $2,000, with median rent on executive units at $2,100. The median rental price for a 2-room, 3-room and 4-room unit is $1,200, $1,500 and $1,800 respectively.

The total number of HDB flats approved for subletting rose to about 30,500 units in Q2, compared to about 27,300 units in Q1 2010.

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