The Sim Kee Boon Institute for Financial Economics at SMU (SKBI) will be launching a new real estate price index in the near future. The index would take factors such as unit level and area into account, in order to better reflect the trend of local private homes. SKBI held an index research academic forum on Tuesday. SKBI Director and Professor of Economics and Finance, Yu Jun, shared that the new index would consider a variety of factors which include: purchase from developers or resale units, free-hold or 99 year-lease, unit floor and size, creating the world’s first such computation.
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