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Hi all, can I check if 4rm & 5rm Resale HDB flat sellers are still asking for COV nowadays in 2017 ?

Does COV also apply to 3rm Resale EC as well?

If yes, Would you know how much sellers usually ask for, for HDB Resale 4rm, 5rm and EC 3rm units nowadays?

I'm a single, above 35 yrs old, looking at buying either a HDB Resale 4rm or 5rm flat in the East near to town center,or a Resale 3rm EC anywhere as long as its near to town.

Thank you for your expert feedback and pls leave your contacts when replying so I can contact you. Thanks.
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3 Answers

Robbie Chen Chee Howe
Replied
Hi Sir,

COV (Cash over Valuation) is possible for HDB flats, especially in highly sought-after locations.

As for resale EC, it is considered a private property, and if you were to pay above the valuation the bank gives to the property, you will have to top up in Cash. However, the chances of this happening is slimmer, as the banks usually will be able to match the purchase price, especially that now is a Buyer's market where resale prices are soft.

However, do take note that most EC locations are further away from town, in the North, East, North-East and Western part of Singapore.

May I know if you're buying for your own stay or if you're looking at investment point of view?

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Mike Lim
Replied
Afternoon,

For the unit models that you are looking at, there are still sellers asking at higher than valuation pricing. However, we will need to know the preferred location and age of the unit. Looking at HDB unit within Bugis, Kallang, Dakota and Jalan Sultan, they will definitely demand higher than standard transaction pricing unless the seller have ethnic ratio issue.

Do feel free to contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Mani Subramanian Veeramani
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Dear Mr. D Y

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