Median cash-over-valuation (COV) for resale HDB flats

Mr Gerald Giam Yean Song asked the Minister for National Development if he can provide the figures for the median Cash-Over-Valuation for resale HDB flats by town and flat type in each quarter since 2nd Quarter 2007, with a breakdown of buyers by (i) Singapore citizen (SC) households (i.e. households with at least one SC owner) and (ii) Singapore permanent resident (SPR) households (i.e. households with SPR but no SC owners).

Parliament sitting date: 16 September 2013

Mr Gerald Giam Yean Song asked the Minister for National Development if he can provide the figures for the median Cash-Over-Valuation for resale HDB flats by town and flat type in each quarter since 2nd Quarter 2007, with a breakdown of buyers by (i) Singapore citizen (SC) households (i.e. households with at least one SC owner) and (ii) Singapore permanent resident (SPR) households (i.e. households with SPR but no SC owners).
Mr Khaw Boon Wan : Detailed Cash-Over-Valuation (COV) data, provided there are sufficient transactions during the quarter, with breakdown by town and flat type are published in the HDB InfoWEB and updated quarterly. HDB, however, does not monitor the detailed breakdown as requested by the Member.

We do have some breakdown of COV data by buyer group, as tabulated below:

Source: Singapore Parliament Reports (Hansard)

Author: Gerald Giam

Gerald Giam is the Member of Parliament for Aljunied GRC. He is a member of the Workers' Party of Singapore. The opinions expressed on this page are his alone.