SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on how to build your wealth through property in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice. Check out how to be a successful wealth builder in Singapore.
The introduction of the new HDB COV rules has sparked much public discussion about pricing homes versus appraising them.
In March, HDB moved its official valuation from before the Option-to-Purchase (OTP) to after it. In explaining the change, National Development Minister Khaw Boon Wan said, "HDB will rationalise the process of price negotiations and restore the original intention of valuation, which is to help buyers get a housing loan. Negotiating based on price rather than COV will take some getting used to. However, it is a useful ...