Methodology:

We examined all transaction data from January 2021 to November 2021 (incomplete data for November 2021). Next, we looked at the actual transacted prices of flats across the different ages and plotted them out. Finally, we looked at the price per lease remaining and study how it differs from the theoretical price behaviour.

Do note, however, that this study only compares age and price. It does not factor in location. As a result, there may be “old” properties that are just located in better places,