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Singapore: House Prices, Rents, and Rental Yields

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Last Updated: May 01, 2008

Slightly higher yields in Singapore at 3.5%

Last Updated: May 01, 2008
CENTRE 1 - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
75 sq. m. 823,200 2,874 4.19% 10,976 38.32
120 sq. m. 1,286,760 4,255 3.97% 10,723 35.46
160 sq. m. 1,917,120 5,158 3.23% 11,982 32.24
225 sq. m. 3,467,250 7,772 2.69% 15,410 34.54
300 sq. m. 5,802,900 n.a. n.a. 19,343 n.a.
1 Central Area: Bishan, Bukit Timah, Holland Road, Newton, Orchard Road, River Valley
Source: Global Property Guide

Gross rental income on apartments in Singapore have increased but are still considered very poor. The average yield is at 3.52%, with smaller units getting returns only as high as 4.19%.

Apartments at the centre are still expensive, with a 120-sq. m unit selling at US$10,723 per sq. m. Prices average around US$13,686 per sq. m.

 

Your Comments

posted by Alan DENG | 2008-03-24

Financial Analyst, Singapore

This figure is outdated in the current market. Typically a Condo with a price tag of 1m can be rented out at about 4k/month which is about 4.8% gross yield. An HDB priced at 400k can be rented out for 2k/month which is 6% gross yield. Therefore, I think the data are dated already.

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