Do you know?
Do you know that a study by the National University of Singapore (NUS) reveals that HDB flats survive depreciation effects better than private non-landed housing when they are 30 years and above?
Reason? They withstand better ageing effects. Thanks to home upgrading and neighbourhood renewal programmes.
This current PAP Government has, promised two home upgrading exercises for the HDB flat – at 30 years of age and 60 years. Such upgrading programmes will help to maintain the value of the apartments. The PAP
The NUS study shows that the rate of price decline for older HDB flats was much slower at 3.0 per cent. In comparison, freehold private homes and leasehold residences depreciated by over 10 per cent and more than 30 per cent, respectively.
Aside from the redevelopment schemes that help retard the decline in prices of older HDB flats, Prof Sumit Agarwal, a study co-author, said that subsidy grants for first-time buyers of resale flats further mitigate the price depreciation as the property ages.