Median Cash-Over-Valuation (COV) for Resale HDB Flats

Debated in Parliament on 16 Sep 2013.

Summary written by AI (learn more)

Gerald Giam requested quarterly median Cash-Over-Valuation figures for resale HDB flats by town and flat type since 2Q2007, with a breakdown by Singapore citizen and Permanent Resident households.
Khaw Boon Wan stated that detailed COV data by town and flat type is published quarterly on HDB InfoWEB but does not include the requested buyer household breakdown.
HDB does not monitor the specific buyer group breakdown for COV but has some alternative data on COV by buyer group as tabulated in the response.

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Full Transcript

Gerald Giam Yean Song

Mr Gerald Giam Yean Song asked the Minister for National Development if he can provide the figures for the median Cash-Over-Valuation for resale HDB flats by town and flat type in each quarter since 2Q2007, with a breakdown of buyers by (i) Singapore citizen (SC) households, that is, households with at least one SC owner; and (ii) Singapore Permanent Resident (SPR) households, that is, households with SPR but no SC owners.

Khaw Boon Wan

Detailed Cash-Over-Valuation (COV) data, provided there are sufficient transactions during the quarter, with breakdown by town and flat type are published in the HDB InfoWEB and updated quarterly. HDB, however, does not monitor the detailed breakdown as requested by the Member.

We do have some breakdown of COV data by buyer group, as tabulated below:

Page: 125

Summary written by AI (learn more)

Gerald Giam requested quarterly median Cash-Over-Valuation figures for resale HDB flats by town and flat type since 2Q2007, with a breakdown by Singapore citizen and Permanent Resident households.
Khaw Boon Wan stated that detailed COV data by town and flat type is published quarterly on HDB InfoWEB but does not include the requested buyer household breakdown.
HDB does not monitor the specific buyer group breakdown for COV but has some alternative data on COV by buyer group as tabulated in the response.

Questions identified by AI (learn more)

Median Cash-Over-Valuation (COV) for Resale HDB Flats | PAPERCUTS

Median Cash-Over-Valuation (COV) for Resale HDB Flats

Debated in Parliament on 16 Sep 2013.

Summary written by AI (learn more)

Gerald Giam requested quarterly median Cash-Over-Valuation figures for resale HDB flats by town and flat type since 2Q2007, with a breakdown by Singapore citizen and Permanent Resident households.
Khaw Boon Wan stated that detailed COV data by town and flat type is published quarterly on HDB InfoWEB but does not include the requested buyer household breakdown.
HDB does not monitor the specific buyer group breakdown for COV but has some alternative data on COV by buyer group as tabulated in the response.

Questions identified by AI (learn more)

Full Transcript

Gerald Giam Yean Song

Khaw Boon Wan

We do have some breakdown of COV data by buyer group, as tabulated below:

Page: 125

Summary written by AI (learn more)

Gerald Giam requested quarterly median Cash-Over-Valuation figures for resale HDB flats by town and flat type since 2Q2007, with a breakdown by Singapore citizen and Permanent Resident households.
Khaw Boon Wan stated that detailed COV data by town and flat type is published quarterly on HDB InfoWEB but does not include the requested buyer household breakdown.
HDB does not monitor the specific buyer group breakdown for COV but has some alternative data on COV by buyer group as tabulated in the response.

Questions identified by AI (learn more)

Median Cash-Over-Valuation (COV) for Resale HDB Flats

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Khaw Boon Wan

Summary

Questions Identified

Median Cash-Over-Valuation (COV) for Resale HDB Flats

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Khaw Boon Wan

Summary

Questions Identified