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Hi,

I intend to purchase a resale flat with my parents but what worries me is the COV. I heard that government had recently introduced measures to reduce the COV. Mind if i know what is the range of COV that i will be paying say if i am interested in a 5RM flat in area such as bedok / hougang / sengkang ?

*I just came back to Singapore after my overseas job posting. So I'm not too sure what are the current affairs
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5 Answers

Angela Chua 蔡斯淇
Hi,

I will be happy to share with you the latest market measures. Do contact me through email or phone.

Thank you.

Angela Chua
Pronex Realty Pte Ltd
H/P: 9323 3330 
angelachua00@gmail.com Read More
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YT Tan (陈永达)
Good morning buyer,

You might not be aware that there are certain changes to HDB regulations. As of now, only buyers can apply for valuation after agreed on the purchase price with sellers then from there, buyers will know whether is there any element of COV.

I can forward you a typical HDB purchase transaction flowchart so you can understand more.

Hope I can be of great assistance to your property purchase.

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Hi, I have a 5 room flat unit at Tampines St 71 and selling it below valuation.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

Since COV is on the downward trend, it appears to be good news for you as a buyer. I do have a high floor 5rm unit near Sengkang MRT, will you consider that?

For other doubts on HDB procedures, I will be glad more to share over email / phone. The important thing is if you feel the COV is too high and the deal is not worth going ahead with after paying 1K option fee, you can still pull out of the deal and forfeit the 1k option fee to the seller. Thanks and hope to hear from you soon.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More
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Afternoon,

The selling price for 5 room flats within your ideal estate varies based on age and location. The premium on top of market valuation can be estimated before you make your offer to the seller. However, it is always good for the buyer to be prudent on their financial standing before committing to the purchase.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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