SINGAPORE: Housing and Development Board (HDB) flats that are older than 30 years depreciate less than private non-landed housing, according to a study conducted by the National University of Singapore (NUS).
The results of the study, which were announced in a press release on Wednesday (Feb 13), also revealed that differences in depreciation between freehold and leasehold residential properties and HDB flats only appear after 10 years.
Depreciation rates are related to building age, said NUS. Other factors such as land tenure and size have also been adjusted in price changes.