21 Mar '14, 10am

The Straits Times: "Angst over HDB resale flat valuations" What's this abt? Read more here

THE Housing Board's move to publish daily instead of fortnightly figures on resale transactions will help create a more informed market and a more level playing field. The overarching goal, of course, is for the HDB resale market to achieve long-term stability - with price movements reflecting any imbalance in supply and demand and price differences reflecting the attributes of units, like location and age. But the market can suffer from distortions when either supply or demand is out of kilter with the other and when transactional practices in themselves have the effect of boosting or depressing prices. Among the latter is the payment of cash over valuation (COV). The HDB's intention in publishing COV tables earlier for various housing estates and types of flat was to make the market more transparent through the provision of information. But in a rising market, fuelled by...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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