Tag: construction delay

Property jargon of the day: Cash over valuation

With the recent surge in home resale prices, is it possible to avoid high cash over valuations?

As we see higher HDB resale prices over the past few quarters, cash over valuation is also back in the spotlight. While people are willing to pay more for resale flats, there’s also a growing number of people who find them becoming more unaffordable. What is cash over valuation (COV)?  Cash over valuation, or COV in…

property developers time extension delayed projects news

Property developers given another round of time extension for delayed projects

On 8 October, the government announced a further extension of temporary relief measures directed at property developers, including allowing a further extension of various project completion deadlines by six months as Covid-19 continues to disrupt the construction industry. This extension is on top of the previous six-month extension announced on 6 May, after the Building and…

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