Factor Analysis - London

How has the market repriced each property characteristic over time? Each factor below isolates one attribute and tracks its contribution to price changes.

Market overview

The two charts below give the big picture. The first shows the Baseline Market: pure price appreciation stripped of all compositional effects. The second shows how every tracked factor contributed on top of that baseline.

Baseline Market: quality-adjusted price level

The intercept of the rolling OLS, cumulated over time. This is the market return you would have earned by holding a perfectly average HDB flat. It rises when the market appreciates for reasons the model cannot attribute to any tracked characteristic.

Cumulative factor returns (excl. baseline)

Each line is the running sum of one factor's period contributions. A factor that trends upward means the market has been paying progressively more for that attribute. A factor that trends downward means the attribute has been repriced lower over time.

How to read the factor cards

Factor Return chart

The cumulative repricing of this characteristic since the model's start. A flat line means the market has priced this attribute consistently. A rising line means it has become progressively more valuable. The number in the header shows where the line ends today.

Beta Over Time chart

The raw OLS coefficient in each rolling window. A volatile beta often reflects a thin market or a characteristic that is highly collinear with others in that period.

Transacted Distribution chart

Where available, this shows how the mix of sold properties has shifted over time. It helps distinguish repricing (the market paying more for the same thing) from composition change (more of a different type being sold).

Factors at a glance

Jump to any factor — cumulative return to date is shown on each card.

Factor details

Singapore HDB factors are derived from public-housing resale transactions only (no URA private residential in this v1 release). Use the city switcher above to compare with London, New York, and Paris.