Old HDB flats weather depreciation better than condos: NUS studyThey enjoy constant upgrading from the government's Home Improvement Programme. Housing and Development Board (HDB) flats above 30 years are able to withstand against ageing effects and depreciate less compared to private non-landed housing, according to a study by the National University of Singapore (NUS). The study, which looked at the depreciation rates of resale houses from 1997 to 2017 using historical resale transaction prices of HDB and condo properties found that the differences amongst the properties appeared only after ten years. Control measures were also accounted for non-age related factors such as housing size, type, number of housing units in the neighbourhood and distances to the nearest MRT station and the Central Business District (CBD). Researchers found that within the first ten years, the depreciation rates between the properties were similar. HDB flats depreciated 1% faster than leasehold and freehold non-landed residen (more...)