Cash-over-valuation rose for the first time this year in 3Q
Guess what executive flat is the most expensive.
According to Singapore Real Estate Exchange, overall median COV rose for the first time this year to $30k, reversing a downward trend in the last 3 quarters. This led to a 2.3% increase in overall median price for Q3.
Across all HDB towns with at least 10 resale transactions in Q3, the highest median price is in Serangoon for Executive flats at $690,000.
Median monthly HDB rent rose for the first time in 4 quarters from $2,300 to $2,400 in Q3.