Singaporean home buyers have an innate trust for graphs, charts, and anything that suggests “serious hard data”. But while it’s unlikely that any seller will outright lie to you, some will use selective presentation of data to mislead you. They might also interpret the data in a skewed way – sometimes without even intending to (even we’ve been guilty of that at times).

Here are some of the other dangers to look out for:
1. Using the average (mean) price when there has been a recent outlier
2. Percentages in the rate of change
3. Manipulating the X-Y Axis on a graph to create visual impact
4. The floor of the unit is ignored, for purposes of comparison
5. The data is accurate, but the wider context is glossed over
6. Ignoring low transaction volumes
7. Using different starting and ending dates

For the full article, please visit: https://stackedhomes.com/editorial/7-real-life-examples-of-how-property-data-can-be-used-to-mislead-home-buyers/?utm_source=youtube.com&utm_medium=description&utm_campaign=ep46

Chapters
00:00 - Intro
01:04 - Using the average (mean) price when there has been a recent outlier
02:40 - Percentages in the rate of change
03:44 - Manipulating the X-Y Axis on a graph to create visual impact
04:54 - Ignoring the floor of the unit
06:00 - Ignoring low transaction volumes
07:43 - What you need to be careful of
07:59 - Outro

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling or renting Singapore real estate.

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