Wednesday, January 23, 2008

Flat price in Singapore

The government apartment price in Singapore is going haywire. A 5-room flat can easily fetch cash-over-valuation (COV) from 40k to 150k. It's crazy! The COV really inflates the amount of cash you need to fork out to get a place to stay. No wonder some people force themselves to get condominium. With condominium, despites 20-50% higher price, there is no COV. Hence, you only need 10% of the unit's valuation.

Well, the higher price of condominium means higher installment though. Pick and choose then.

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