It was recently reported that owners are now increasingly willing to accept a lower cash over valuation (COV) amount in order to sell their HDB flats.

Some deals may be done at valuation but no drop in prices; big flats moving slowly

THE private home market is at a standstill and prices have fallen as the global financial crisis scares buyers away. Yet, the HDB resale flat market remains active and prices are still fairly strong. However, there are increasing signs that this segment of the market is no longer immune to the economic slowdown. While prices have not dropped, the cash amount that buyers typically pay on top of the flat’s valuation has fallen more significantly, experts said.

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