Median Cash-Over-Valuation (COV) by Town and Flat Type
 

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:

Median Cash-Over-Valuation (COV) for Resale Cases Registered in the 4th Quarter 2013

Town
1-Room
2-Room
3-Room
4-Room
5-Room
Executive
Ang Mo Kio
-
*
$10,000
$15,000
*
*
Bedok
-
*
$5,000
$15,000
$23,500
*
Bishan
-
-
*
$32,500
*
*
Bukit Batok
-
-
$7,000
$10,000
$20,000
*
Bukit Merah
*
*
$18,000
$30,000
$42,500
-
Bukit Panjang
-
-
*
$8,000
$3,000
$25,000
Bukit Timah
-
-
*
*
*
-
Central
-
*
*
*
*
-
Choa Chu Kang
-
-
*
$0
$5,000
*
Clementi
-
-
$8,000
$15,000
*
*
Geylang
-
*
$8,900
$15,000
*
*
Hougang
-
-
$5,000
$5,000
$10,000
*
Jurong East
-
-
$7,500
$10,000
*
*
Jurong West
-
*
$9,000
$5,000
$2,000
$20,000
Kallang/Whampoa
-
*
$10,000
$30,000
*
*
Marine Parade
-
-
*
*
*
-
Pasir Ris
-
-
*
$6,500
$8,500
$19,000
Punggol
-
-
-
$0
$0
*
Queenstown
-
*
$10,400
$37,900
*
-
Sembawang
-
*
-
$4,500
$8,000
*
Sengkang
-
*
*
$3,000
$5,000
*
Serangoon
-
-
$12,000
$15,000
*
*
Tampines
-
-
$6,500
$9,500
$10,000
$30,000
Toa Payoh
-
*
$9,300
$28,000
*
*
Woodlands
-
*
$8,000
$3,300
$6,000
$23,000
Yishun
-
-
$3,900
$7,000
$12,900
*

Notes
1(-) indicates no resale transactions in the quarter
2Asterisks (" * ") refer to cases where there are less than 20 resale transactions in the quarter for the particular town and flat type. The median COV of these cases are not shown as they may not be representative.
3The data above excluded transactions that may not accurately reflect the market price; i.e. resale of part shares, resale between related parties, cases under the Conversion Scheme, resale of terrace flats, converted flats, HUDC flats.
4The data above excluded transactions where there was no valuation done for the particular flat.
5The figures are rounded to the nearest hundred dollars
Last Updated on 20 Feb 2014