... [News] Singapore -- Starting from the final quarter of this year, the Housing and Development Board (HDB) will adopt a more flexible framework — which accounts for differences in housing characteristics and better reflects price changes over time — to derive the Resale Price Index (RPI). The new framework — the stratified hedonic regression method — also groups similar flats. But it goes a step further by taking into account more attributes, such as age, size, storey and proximity to amenities, in a bid to better differentiate resale flats. With more attributes in the equation, the likelihood of imprecision resulting from low volume segments is reduced. #news #singapore #hdb #todayonline
Posted on: Tue, 09 Dec 2014 04:12:13 +0000
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