National Development Minister Khaw Boon Wan said on Tuesday that the cash over valuation (COV) -- cash premiums -- for Housing Development (HDB) flats cannot be scrapped as such payments are set by buyers and sellers themselves.
His comment came after a certain Lee Soh Geok asked Mr Khaw on the latter's Facebook page why the minister is against abolishing the scheme, which has caused housing prices to rise in recent months. Full story
