HDB COV Database 2023: A Crowdsourced Compilation
You might have heard that around 1 in 3 buyers of an HDB paid a cash over valuation (COV) in 2021 so far, an increase from 1 in 5 last year.
And although the median COV paid by buyers is still at $0, this does show the increase in demand for resale HDB’s in Singapore. In some cases, sellers even demand a specific amount of COV!
Here’s the thing, a rising COV means that it will push resale prices up as the next valuation will be based on transacted prices. As a result, sellers will naturally ask for higher COV based on the demand, and buyers will have to accept paying more COV if they want to secure a home.
But because COV data isn’t published, it may be difficult for buyers to get an accurate read of the situation on the ground.
So we’ve prepared a list of HDB COV amounts and their respective transactions – contributed by buyers like you! We hope this goes some way to help, if you have suggestions on how to improve this, please reach out at stories@stackedhomes.com
Want to contribute to this table? Click here!
Want to contribute to this table (anonymously)?
We heavily rely on inputs from genuine buyers. If you have recently received your valuation report from HDB or have purchased an HDB in the past 1 year, we’d love for you to contribute!
To maintain the integrity of this table, we ask that all fields are filled up to provide accurate and reliable information.
Broad trend pieces like this are useful for setting expectations, but they can’t tell you whether those trends apply to your estate, your unit type, or the price range you’re actually considering.
That’s often the hardest part of a property decision: working out what the broader market means for the specific home you’re thinking of buying or selling.
Over time, that’s also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.
Today, the team has worked with more than 2,000 clients across over $5B in property transactions.
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Your submission will remain anonymous.
Thank you!
Broad trends like this are useful for setting expectations, but they rarely tell you whether the pattern applies to your estate, your unit type, or the price band you’re actually shopping in.
If you’d like to discuss how this applies to your own circumstances, you can reach out for a one-to-one consultation here.
And if you simply have a question or want to share a thought, feel free to write to us at stories@stackedhomes.com. We read every message.
Frequently asked questions
What is the current trend in cash over valuation (COV) for HDB flats in Singapore?
How does a rising COV affect resale prices of HDB flats?
Why is it difficult for buyers to know the actual COV amounts for HDB flats?
How can I contribute to the HDB COV database?
Is my contribution to the HDB COV database anonymous?
9 Comments
Where is the cov database link?
Hi stackedhomes, i tried searching the location for the cov database above but there doesnt seem to have much info?
hi stackedhomes team, can i check if there’s an error with the COV database above? seems like only limited number of data are available.
Looks like the database is not loading, I think embed permissions need to be added
Hi There, the data in the table is not fully visible as some of the columns are “cut off”. Would it be possible to make the widths modifiable?