Scrap COVs, they say, but S'poreans also want to monetise flats

Singaporeans want flats to be affordable but also want to make a tidy sum when they sell their units, if the views of participants at Wednesday’s Our Singapore Conversation (OSC) session on housing were anything to go by. The three-hour session – the third so far organised by the Ministry of National Development (MND) – was attended by 50 people and held at SMU.  Several called on the authorities to scrap the Cash-Over-Valuation (COV) component for resale flats. At the OSC session, which was attended by Bukit Panjang Member of Parliament Teo Ho Pin, about 60 per cent of the participants said that they would like resale flat prices to go down. However, most of them were against suggestions the MND had made to limit profiteering.

Source
TODAY