02 Apr '11, 2pm

HDB COV falls, transaction volume down, says Mah

SINGAPORE: National Development Minister Mah Bow Tan said the cash-over-valuation (COV) paid on resale public flats has continued to drop. He said that based on early estimates, COV levels are currently S$20,000 to S$21,000, down from S$23,000 in the last quarter of 2010. Transaction volume has also dropped, but he declined to give figures. His comments came a day after HDB released figures showing that the growth of resale flat prices slowed to just 1.6 per cent in the first quarter of this year. Mr Mah was speaking to reporters after marking the completion of the latest housing project under the Design, Build and Sell Scheme. He noted that the private homes market was also showing signs of cooling and expects further moderation over the next few months. When asked if he was concerned that prices of private homes in suburban areas are still posting relatively strong growt...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Tweets

#sgelections

channelnewsasia.com 02 Apr '11, 12am

GE: Current leadership transition more crucial than previous ones, says SM Goh

Property cooling steps working: Mah

Property cooling steps working: Mah

straitstimes.com 03 Apr '11, 12am

Mr Mah Bow Tan (centre left) and Ms Jessica Tan (centre right), adviser to East Coast GRC Grassroots Organisations, viewin...

A resident at the Yuhua constituency today was visibly upset with the PAP's policies of high HDB prices…

A resident at the Yuhua constituency today was ...

yoursdp.org 03 Apr '11, 2pm

A resident at the Yuhua constituency today was visibly upset with the PAP's policies of high HDB prices, and he made it kn...

"How can we compare Singapore’s public housing prices with Hong Kong’s prime private property and London’s prime...

"How can we compare Singapore’s public housing ...

theonlinecitizen.com 30 Mar '11, 1pm

“Ask most housing experts and observers, and they will say that HDB flats remain within reach of the majority of Singapore...