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Median COV falls to $5,000

Cash premiums for resale flats drop to four-year low, from $8,000 in Nov

Published on Jan 10, 2014 11:27 AM
 
Cash premiums for resale Housing Board flats hit a four-year low last month. -- ST FILE PHOTO:  ALPHONSUS CHERN

Cash premiums for resale Housing Board flats hit a four-year low last month.

The median cash-over-valuation (COV) was $5,000 in December, down from $8,000 in November, according to Singapore Real Estate Exchange (SRX) flash estimates yesterday.

Resale prices and volumes also slid, capping a quarter in which median valuation dipped for the first time since 2009.

 
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