The cash premiums for HDB resale flats continued to hover in the high range in the fourth quarter of 2012 in some popular estates.
Data released by the Housing and Development Board on Friday showed that the median Cash-Over-Valuation (COV) for a three-room flat in Queenstown stood at S$30,000 and S$65,900 for a four-room flat.
In Bishan, the median COV for a four-room flat touched S$50,000, while that of an executive flat was S$70,000.
For Toa Payoh, the median COV for a three-room flat was S$35,000, while that of a four-room flat was S$67,800. The COV for a five-room flat was S$69,000.
COV is the cash premium buyers pay for a resale HDB flat.
Source : Channel NewsAsia – 25 Jan 2013