The cash-over-valuation (COV) component in HDB resale transactions is rising and it could hit over S$200,000 soon. COV refers to the sum of cash that needs to be paid by a buyer over and above the market valuation of a flat. Real estate agents said the median COV paid for HDB resale flats has risen by about 12 percent to S$30,000 in the third quarter so far. But for a Bishan unit, the COV has hit a...
HDB Resale Transactions
Supply of homes, vacancy rates up, but buyers discouraged by high prices THE lacklustre property market seen in the first quarter of this year is likely to persist, with developers expected to launch more projects in the months ahead, increasing the supply of new homes even as buyers stay away. The prices of homes in both the private and public sectors rose at a much slower pace in the first quarter...