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