COV for HDB resale flats falls to $5,000 in December 2013
Cash premiums or cash over valuation for resale Housing Board flats continued to fall in December, according to flash monthly figures from the Singapore Real Estate Exchange.
The median COV hit a low of $5,000, down from $8,000 the month before on the back of more negative COV deals. There were 141 such transactions, up from 113 previously, with the most deals in Woodlands, Sengkang and Jurong West.
Fewer flats also changed hands. There were an estimated 908 deals in December, down from 1,004 in November.
Resale prices continued to slide. The resale price index fell 0.5 per cent from November to December, to the lowest level since July 2012.