Spike in number of HDB flats sold below valuation – Straits Times

The number of Housing Board flats being sold below valuation has rocketed, as tighter mortgage rules eat into demand.

According to HDB’s latest figures, 105 units were sold in October for less than their appraisal. This accounted for 7 per cent of the total resale volume, a marked increase on the average 0.3 per cent for each month of the first half of the year.

See on http://www.straitstimes.com/breaking-news/money/story/spike-number-hdb-flats-sold-below-valuation-20131202