Cash premiums for HDB flats continue to fall

Overall cash premiums for Housing Board (HDB) resale flats continued to drop, in line with experts’ prediction that it will reach $10,000 by year’s end.

Overall cash-over-valuation (COV) fell another $3,000 in October to reach $12,000, according to Singapore Real Estate Exchange (SRX) flash estimates released on Friday morning. This is the lowest since July 2009, when the overall COV was $10,000.

See on http://www.straitstimes.com/breaking-news/singapore/story/cash-premiums-hdb-flats-continue-fall-more-flats-sold-october-20131108

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