COVs rise to $34,000 in November: SRX

PHOTO: COVs rise to $34,000 in November: SRX

New data from the Singapore Retail Estate Exchange shows cash-over-valuations (COVs) inching up to $34,000, the highest in a year and just $2,000 short of a five-year historic high. Estate agency bosses say that this upward momentum behind COVs will last as long as the supply of resale flats remain tight.