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HDB Flats hold Value better than Freehold Condo. My Thoughts from this Voodoo NUS Study
By Investment Moats  •  February 15, 2019

NUS Business School came up with this study and concluded that HDB flats that are older than 30 years depreciate less than private non-landed housing. 

I just thought that the data looks very incredulous. 

More so, I can think of some criticism about the conclusion. 

The news article may be a bit noisy, but if you wish to read, read the NUS business school’s announcement here

The rough methodology is this. They measure the age related depreciation against transaction prices of resale property. The data used is from URA and HDB. The period of study is 1997 to 2017. The price measured is historical resale transaction prices.

They tried to split the comparison into 3 groups:

477k HDB flats 68k 99 year leasehold non landed residential properties 72k freehold non landed residential properties

HDB Subsidy grants was taken into consideration. It is not stated, but it seems En-bloc transactions are

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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