The recent Central Imperial MM transaction of 470K highlights another potentially confounding issue in this debate.
FH value can grow better and faster only if there are no microlocation issues.
Maybe an equally priced, similarly sized 99LH at an equal macrolocation but no microlocation issues (say Kallang or something) in 2011 can outrun the FH with microlocation issues by now?
Any big data expert on this?
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.