You are here

Median COV for resale flats at lowest in 4 years

Nov figure of $8,000 lowest since July '09; 97 units sold below valuation: SRX

[SINGAPORE] The market for Housing and Development Board (HDB) resale flats continued to weaken last month, with median cash-over-valuations (COVs) falling to their lowest level in more than four years. Median COVs fell 30.1 per cent to $8,000 in November, according to flash estimates from the