COV meaning in Business ?

Answer:

What is Cash-Over-Valuation mean?

Cash-Over-Valuation, or COV for short as it is commonly known in Singapore, was a prevalent feature in the resale market for HDB (Housing Development Board) flats in Singapore for years until it was reviewed on 10 March 2014.

COV can be defined as the difference between the resale price and the market value of the flat (HDB) that is paid by the buyer upfront.

Before 10 March 2014, a HDB resale flat begins with a professional valuation to discover the worth of the flat. The seller and buyer will negotiate about the amount to be paid above the valuation. This amount is the COV. The selling price will thus be the valuation plus COV.

If the flat is sold at valuation or below, no COV is paid.

However, COV has often been accused of causing volatility in the HDB resale flat market and sharp price hikes.

Currently, HDB will accept valuation requests only from buyers or their salespersons, after the buyers have been granted an Option to Purchase by the flat sellers.

reference

Full Form	Category
Composti Organici Volatili	Academic & Science
Calculus Of Variations	Academic & Science
Composés Organiques Volatiles	Academic & Science
Covilha	Airport Code
Centrale Organisatie voor de Vleessector	Associations & Organizations
Congress of Vienna	Associations & Organizations
Club Omnisports de Valbonne	Associations & Organizations
Club Omnisports de Vernouillet	Associations & Organizations
Cash-Over-Valuation	Business
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Compos	Chemistry
Control Over Voice	Community
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Change Of Value	General
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Creative Optimistic Visions	General
Coefficient of Variations	General
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Cross Over Vehicle	General
Crimes of Violence	Governmental
Compusi Organici Volatili	International
Covariance	Maths
Cleft Of Venus	Medical
Coronavirus	Medical
Counter Obstacle Vehicle	Military and Defence
Cao Miao	Regional
Companion of the Order of the Volta	Regional
Cutoff Valve	Space Science