Tag Archives: COV

Khaw Boon Wan: HDB moves to reduce focus on COV

To reduce the focus on Cash-Over-Valuation (COV) in negotiations during the sale of a flat, the Housing and Development Board (HDB) will only accept valuation requests from resale flat buyers after they have been granted an Option to Purchase by flat sellers.

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HDB resale prices fall for first time in 8 years

Resale prices for Housing and Development Board (HDB) flats fell last year by 0.6 per cent, compared to 2012 — the first annual decline in eight years. And in a further reflection of a market chilled by several rounds of cooling measures, HDB statistics released yesterday showed that there were only 18,100 transactions involving resale flats last year, almost 30 per cent fewer compared with 2012, and the lowest since the HDB started collecting the data in 1997.

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