HDB COV falls to zero in Feb 2014 | Singapore Property News

HDB COV falls to zero in Feb 2014

06 March
Property Data

HDB median COV dropped to ZERO. Overall HDB Cash-Over-Valuation (COV) dropped from $3,000 in January 2014 to zero in Feb 2014. This is the first time COV hit zero since 2006 when SRX began collecting COV records. 

COV Trend

 

Twelve out of 26 HDB Towns saw zero or negative median COV. This is an increase from eight HDB towns in January that saw zero or negative COV. Bukit Panjang, Punggol, Sembawang, Sengkang and Woodlands led the drop with negative overall median COVs recorded in Feb. Bedok, Bukit Batok, Chao Chu Kang, Geylang, Jurong West, Tampines and Yishun recorded zero overall median COV. 

HDB Median COV by Town and Property Type

Refer to the SRX Price Index to download the latest report on Singapore Property prices.

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