The statistics below provide the Median Cash-Over-Valuation (COV) for resale transactions of a particular flat type in a given town based on cases registered in the quarter. Cash-Over-Valuation (COV) is the difference between the resale price and the market value of the flat.
- COV is however not a requirement for HDB resale transactions. Resale transactions take place on a "willing buyer- willing seller" basis and the price is open to negotiation and mutually agreed between both parties.
- Depending on the outcome of the negotiation between the buyer and the seller, the resale price may be above, at or below the market valuation. For resale transactions where the resale price is at or below the market valuation of the flat, there is no need for buyer to pay any COV.
- Median COV is the COV amount at the 50th percentile where half the number of resale applications registered were transacted with COVs higher than the median and half with lower COVs (or no COV if the amount is negative or zero).
- Users who are searching for past individual resale transacted prices in specific locations (by town or street name) can refer to the "Resale Flat Prices" e-Service.
Find out Median COV by Town and Flat Type:
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| Ang Mo Kio | - | $27,800* | $25,000 | $28,400 | $47,500 | $55,000* | $27,000 |
| Bedok | - | $22,500* | $27,000 | $30,400 | $40,000 | $41,000 | $30,000 |
| Bishan | - | - | $27,000 | $40,000 | $52,500 | $70,500 | $40,000 |
| Bukit Batok | - | - | $25,000 | $30,000 | $40,000 | $45,000 | $30,000 |
| Bukit Merah | $25,000* | $24,500* | $30,000 | $40,000 | $50,000 | - | $36,000 |
| Bukit Panjang | - | - | $25,000 | $33,000 | $35,900 | $34,000 | $33,000 |
| Bukit Timah | - | - | $25,000* | $34,000* | $80,000* | $8,000* | $29,500 |
| Central | - | $33,000* | $40,000 | $38,000* | $89,000* | - | $39,000 |
| Choa Chu Kang | - | - | $23,000* | $27,000 | $26,900 | $30,500 | $26,000 |
| Clementi | - | - | $30,000 | $38,000 | $45,000 | $35,000* | $32,000 |
| Geylang | - | $22,000* | $25,000 | $27,000 | $45,000 | $60,000* | $26,000 |
| Hougang | - | - | $27,000 | $30,000 | $35,000 | $40,000 | $30,000 |
| Jurong East | - | - | $22,000 | $25,000 | $30,000 | $35,000 | $26,900 |
| Jurong West | - | - | $25,000 | $30,000 | $30,000 | $30,000 | $28,000 |
| Kallang/Whampoa | - | $22,500* | $30,000 | $37,000 | $41,500 | $50,000* | $35,000 |
| Marine Parade | - | - | $27,000 | $35,000* | $62,500* | - | $35,000 |
| Pasir Ris | - | $27,000* | $42,000* | $29,500 | $28,000 | $30,000 | $30,000 |
| Punggol | - | - | - | $36,500 | $38,000 | $50,000* | $38,000 |
| Queenstown | - | $19,000* | $30,000 | $50,000 | $50,000 | $41,500* | $33,000 |
| Sembawang | - | - | - | $30,000 | $26,000 | $35,000 | $28,000 |
| Sengkang | - | - | - | $33,000 | $35,000 | $33,000 | $33,700 |
| Serangoon | - | - | $25,000 | $32,000 | $37,000 | $45,000 | $32,000 |
| Tampines | - | - | $25,000 | $29,000 | $30,000 | $40,000 | $30,000 |
| Toa Payoh | - | $25,000* | $28,000 | $40,000 | $50,000 | $44,000* | $32,000 |
| Woodlands | - | - | $25,000 | $25,000 | $25,000 | $35,000 | $25,000 |
| Yishun | - | - | $26,000 | $30,000 | $30,000 | $35,000 | $28,000 |
| Overall | $25,000 | $23,000 | $26,000 | $30,000 | $33,000 | $36,300 | $30,000 |
Notes
| 1 | (-) indicates no resale transactions in the quarter |
| 2 | Figures in asterisks (" * ") refer to cases with less than 20 resale transactions in the quarter for the particular town and flat type. As such, they may not be representative. |
| 3 | The data above excluded transactions that may not accurately reflect the market price such as:
- Resale of part shares
- Resale between related parties
- Cases under the Conversion Scheme
- Resale of terrace flats, converted flats and HUDC flats
- Unsold flats sold in the open market at market value
|
| 4 | The data above excluded transactions where there was no valuation done for the particular flat. |
| 5 | The figures are rounded to the nearest hundred dollars |