HDB COV $20000, lowest in 30 months, since 2011

HDB Flat at Bishan, once of the area with highest COV

HDB Flat at Bishan, once of the area with highest COV

According to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX)Housing Board ( HDB ) cash-over-valuation (COV) continued a steady decline in July to $20,000, its lowest point since January 2011.

Compared to the peak of S$35,000 recorded in January this year, SRX said overall COV has dropped by 43 per cent year-to-date. Year-on-year, July’s resale volume represented a 36-per-cent drop from the same period in 2012. Overall HDB resale prices also dropped for the third consecutive month, slipping 0.5 per cent.

However, the number of HDB flats sold in resale market stayed relatively flat with 1,270 exchanging hands in July, similar to June’s 1,266 resale cases. This was a 36 per cent drop from the same period in 2012.

 

 

Source – http://www.straitstimes.comhttp://www.hdb.gov.sg

http://www.srx.com.sg/

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6 responses

  1. […] HDB COV $20000, lowest in 30 months, since 2011 (paulngproperty.wordpress.com) […]

  2. […] HDB COV $20000, lowest in 30 months, since 2011 (paulngproperty.wordpress.com) […]

  3. […] The overall median COV dipped to a low of S$20,000 in July, the lowest since 2011. […]

  4. […] HDB COV $20000, lowest in 30 months, since 2011 (paulngproperty.wordpress.com) […]

  5. […] HDB COV $20000, lowest in 30 months, since 2011 (paulngproperty.wordpress.com) […]

  6. […] might be interested – Cooling measures – Maximum tenure for HDB housing loans cut to 25 years HDB COV $20000, lowest in 30 months, since 2011 More HDB resale with $0 COV COV going south again […]

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