A Show of People Power in Singapore The recent Tampines DBSS project, Centrale 8, is a good example of the showing of people power in our economy, in particular the housing price. We all know that when the demand is greater than the supply, the price will go up. However, in the case of Centrale 8, it is the reverse. Even the demand is greater than the supply, the price goes down. Tampines DBSS project two times oversubscribed The controversial expensive Design, Build, and Sell Scheme project at Tampines, Centrale 8, has been two times oversubscribed. 1,431 applications were received for the 708-unit project by the deadline on Tuesday. (asiaone.com) But Sim Lian Group, the developer, was forced to lower their indicative selling prices. The company can make more money in an extra of multi-million dollars but chooses to drop their prices by more than 10%. Tampines DBSS: prices of up to $778k SIM Lian Group yesterday said that flats at its Centrale 8 pu...
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