Buying your HDB Resale Flat: What is Cash Over Valuation?
With the current hot property market, the transacted prices of many resale HDBs have become higher than their valuation. This has led to rising Cash Over Valuation (COV). If you are keen to purchase a resale HDB flat with limited funds in the bank, COV is a key item you should keep a lookout for. What Is Cash Over Valuation (COV)? As the name suggests , Cash Over Valuation (COV) refers to the difference between your property price and valuation