RESIDENTIAL PROPERTY | Staff Reporter,
Singapore Published:
43 sec ago
valuation hit 4-year low
It dropped to $18,000.
According to SRX, overall HDB Cash-Over-Valuation (COV) dropped $2,000 in Aug to reach $18,000 - the lowest since Jul 2009, when the overall COV was $10,000.
The lowest COV by region is in Punggol HDB Executives where 2 out of a total of 3 transactions last month were sold below valuation. The median COV was -$13,000. On the flip side, the highest COV is seen in Bishan HDB Executives where the median COV was $120,000.
Singapore Published:
43 sec ago
valuation hit 4-year low
It dropped to $18,000.
According to SRX, overall HDB Cash-Over-Valuation (COV) dropped $2,000 in Aug to reach $18,000 - the lowest since Jul 2009, when the overall COV was $10,000.
The lowest COV by region is in Punggol HDB Executives where 2 out of a total of 3 transactions last month were sold below valuation. The median COV was -$13,000. On the flip side, the highest COV is seen in Bishan HDB Executives where the median COV was $120,000.