How Much Cov Have You Paid?

[shorty 1]

Given that the cooling measures by the government has started to set in - PR not able to buy resale flats unless they have reside for more than 3 years after their application, I've seen COV dropping. The headlines has also been reporting it is dropping to an all point low. I have noticed properties selling off at below valuation now in non mature estates - almost unimaginable 1-2 years ago !

Has anyone who has gotten themselves a great deal so far - paying very little COV or below valuation ? Mind sharing with us your area and flat type too ?

It's a buyer's market now ! Singaporean buyer that's it ! Yay !

Go to propertyguru you will see many funny listing

A lot of VTO

Many asking for funny COV and I assume that isn't a serious seller...... Yes there are many 0 COV and some below valuation.

I just went to see a flat with my friend last week at AMK...... not near MRT, asking for 17k for a 36 years 3 room....... So how you think?

[meemoosaa 0]

Given that the cooling measures by the government has started to set in - PR not able to buy resale flats unless they have reside for more than 3 years after their application, I've seen COV dropping. The headlines has also been reporting it is dropping to an all point low. I have noticed properties selling off at below valuation now in non mature estates - almost unimaginable 1-2 years ago !

Has anyone who has gotten themselves a great deal so far - paying very little COV or below valuation ? Mind sharing with us your area and flat type too ?

It's a buyer's market now ! Singaporean buyer that's it ! Yay !

Edited December 15, 2013 by meemoosaa

[shorty 1]

I think price will hardly drop. My tampines 28yrs old 3rm flat block, people are selling above $400k.

400k for 3 rmm in Tampines??? Oh it's a little crazy. No offence, if AMK or Toa Payoh selling at this price seems reasonable but Tampines?

[davidbslee 1]

I think price will hardly drop. My tampines 28yrs old 3rm flat block, people are selling above $400k.

Edited October 31, 2013 by davidbslee

[retchlow 7]

wow. n i thot prices are dropping? friend bot a 4 room NG flat at serangoon north just a month ago & the cov was $25k.

[starrynitzz 0]

Just got a 35 years 3NG at AMK ave 4. Valuation 375K, COV 25K.

Edited November 7, 2013 by starrynitzz

[kalimantan 6]

my area no one selling, how to determine the COV ?

blk 639, bukit batok central, 120 sq meter

[mcwee 0]

Should' be ~30000-40000k . I paid 60000k for a unit at 788B..way back in 2012...how abt yours .?which block..

Sold my EM last month, cov 47k, Val 590k

I paid 48k for my EM.

[teniod 0]

30year old 5 rm 74k COV.

3 Stops to JE MRT, move in condition.

[hapigal 0]

sold my 5 yrs old 3 room flat at fernvale (low flr) for cov 30k and buy amk (mid flr) 3 room as well and paid 35k cov (move in condition)

[EdensMom 8]

The extra buyer stamp duty is called 'ABSD' or Additional Buyer Stamp Duty. I wasn't referring to this, but you are right.

[therat 18]

Hang on! Every buyer needs to pay stamp duty. The rates just differ depending on whether you are local, PR, first time buyer, etc etc. The rates are clearly stated on the HDB website, if the purchase is in regards to an HDB.

I thought you are referring to extra buyer stamp duty.

For default stamp duty, it is standard regarding is HDB, resale, direct, private property, shop houses, etc.

[EdensMom 8]

That is only affecting PR

Citizen don't have buyer stamp duty for resale.

Unless you sell and buy, then you need to pay BSD first then rebate back.

Hang on! Every buyer needs to pay stamp duty. The rates just differ depending on whether you are local, PR, first time buyer, etc etc. The rates are clearly stated on the HDB website, if the purchase is in regards to an HDB.

[Doremon 0]

Got my 5 rm resale SK flat.. COV 55K

Edited July 5, 2013 by Doremon

[erictdi 0]

Sold my 4-rm Punggol Flat. 5yrs old, COV 66K