
Almost 4 in 10 HDB deals closed below valuation in February
That's a 7.9ppt increase.
According to the SRX HDB Flash Report for February 2014, almost four in ten HDB deals closed below valuation.
According to transaction records from srx.com.sg agencies, 37.3% of HDB resale deals were closed below valuation in February. This represents a 7.9 percentage point increase from 29.4% of negative COVs in Jan.
Meanwhile, HDB resale prices fell 1.8%. Overall, HDB resale prices fell 1.8% in February. This is the sharpest month-on-month fall since prices started declining in April 2013. With the latest decline, HDB prices now are at the same levels as 20 months ago in Jun 2012.