KHAW CONFIRMS VALUE OF HDB FLATS WILL BE ZERO AT END OF 99-YEAR LEASE

[wsreader]

It seems as far as valuation report is concerned, the 2nd, 3rd is always getting lesser and lesser not more.

i think it's generally true in every type of market in relative terms, because HDB flats are 99 years LH.

You mean the lower valuation is to account for the reduction in remaining lease, ceteris paribus?

If the 2nd valuation are done soon after the 1st expired, it is likely true that all other factors indeed remained the same.