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Resale flat COVs fall to zero for first time since 2006

Almost two in five HDB deals close below valuation

[SINGAPORE] For the first time in nearly a decade, the overall median cash-over-valuation (COV) for resale HDB flats hit ground zero last month, compared with $3,000 in January, as demand for resale public homes softened.

Almost two in five HDB deals closed below valuation, making up 37.3...

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