Fewer HDB resale flat buyers paid cash over valuation in 2023
Fewer resale flat buyers are paying above value for their units. National Development Minister Desmond Lee said the proportion of such buyers have halved, from almost 30 in 4Q2022 to 15 in the same period last year. Among those who paid cash over valuation (COV) for their flats, the median amount was about 30, 000. Mr Lee said he expects this moderation to continue, amid an uncertain global economy and interest rates that will remain high for some time. Subscribe to our channel here: Subscribe to our news service for mustread stories: Telegram WhatsApp Follow us: CNA: CNA Lifestyle: Facebook: Instagram: Twitter: TikTok:
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