Hi,
As HDB procedures have changed since March 2014, COVs are no longer published, and both parties go straight to negotiating the resale price. The gist is that the positive difference (if any) between the agreed resale price and valuation will be the COV payable, and only buyers can request for valuation after obtaining a valid OTP from seller.
It is advised you speak to your preferred agent to understand the resale process and the comparable transactions in the area. He or she will be to analyze a reasonable price to offer. This will potentially reduce your risks of a high COV payable. Thanks and hope it clarifies!
Warm regards,
Ivan ERA
97432395
ivanng10@gmail.com
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