Singapore in Brief

COVS NOW LOWEST IN 5 YEARS

Median cash-over-valuation for resale HDB flats has sunk to S$3000. That is the lowest it has sunk to the past 5 years.

This was reflected in data released today in the Singapore Real Estate Exchange’s monthly Residential Property Flash Report.

Some 30 percent of flats are being sold below valuation, according to the report.

Hougang, Jurong West, Sengkang and Yishun were the 4 HDB towns with the most properties sold below valuation.

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