18 Jan '12, 4am

Private property owners fork out $45000 median COV last quarter - Straits Times: Straits Ti...

In the last quarter, private property owners forked out the most cash outlay above a flat's valuation when purchasing a Housing Board unit, while permanent residents (PRs) came in fourth. -- PHOTO: THE BUSINESS TIMES By Daryl Chin In the last quarter, private property owners forked out the most cash outlay above a flat's valuation when purchasing a Housing Board unit, while permanent residents (PRs) came in fourth. National Development Minister Khaw Boon Wan revealed these figures, for the first time, on his blog (http://mndsingapore.wordpress.com) on Wednesday. The median cash-over-valuation (COV) private property owners paid amounted to $45,000. Second-timers came in second with $34,000, followed by first-timers who paid $33,000. PRs, which was the bone of contention on Parliament on Monday, came in fourth at $32,000 while the bottom of the ladder was occupied by singles...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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