HDB: COVs at a Record High

toa_payoh_hdb_hub_by_night_by_habib555 The Straits Times reported yesterday that the median Cash-over-valuation (COV) for HDB flats hit a new high in the fourth quarter of 2009. COVs are cash premiums that a buyer has to pay over the bank’s valuation of the flat. Why do we have to pay a COV, you might ask.

Continue reading


Life in Singapore: 70th in Quality of Life Index

Luxury_Condominium_by_3DSerge #70 in Quality of Life Index

International Living magazine ranked Singapore 70 out of 194 countries in its Quality of Life Index. The index used nine categories to for its rankings, and here are Singapore’s scores:

Continue reading

Singapore 9th Most Expensive Asian City

There’s really nothing new that this announcement can tell us about the costs of living in Singapore. It’s always been a major gripe that things here are just way too expensive. That’s why we love sales so much, no?

The higher costs of living this year is a result of increasing inflation and a stronger currency. It seems that raw food prices, especially those imported from Australia and New Zealand, have increased considerably in the last 12 months.

Continue reading