13
February
2019
|
14:25
Europe/Amsterdam

HDB flats above 30 years depreciate less than private non-landed housing: NUS study

A study co-authored by Dean’s Chair Assoc Prof Sing Tien Foo from NUS School of Design and Environment, Low Tuck Kwong Distinguished Professor Sumit Agarwal from NUS Business School and PhD student Zhang Xiaoyu, found that Housing and Development Board (HDB) flats that are older than 30 years depreciate less than private non-landed housing. It also showed that differences in depreciation between freehold and leasehold residential properties and HDB flats only appear after 10 years.