January 23, 2023

COV Singapore — What is Cash Over Valuation (COV) of a resale HDB flat

According to The Straits Times, 1 in 4 HDB resale flat buyers paid cash over valuation (COV) on their HDB resale flats in 2022. We’ll explain COV in greater detail later, but it means they agreed to purchase their flats above market value (as determined by HDB). And as the word “cash” implies, any amount…

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