Median COV falls to $5,000
Cash premiums for resale flats drop to four-year low, from $8,000 in Nov
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.