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May 17, 2014

You wouldn't own a Singapore condominium for rental yields!


Last Updated: May 17, 2014
SINGAPORE CENTRE CONDOS COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
75 sq. m. 1,335,675 3,347 3.01% 17,809 44.63
120 sq. m. 1,830,120 4,322 2.83% 15,251 36.02
160 sq. m. 2,441,280 6,155 3.03% 15,258 38.47
275 sq. m. 4,402,750 8,610 2.35% 16,010 31.31
Holland Road, River Valley Road, Orchard Road, and Tanglin Road
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Singapore is a safe haven, it is a liquid market, everyone in Asia knows and trusts its institutions. Low interest rates have played their part in pushing property prices up, despite the efforts of the ever-vigilant Monetary Authority of Singapore and the government. Property in Singapore commands a premium, and conversely returns to owners who rent out their properties are low.

Nobody can say that condos in Singapore are cheap, at around US$15,250 to US17,800 per square metre (sq. m.). That’s because there’s a ‘global city’ premium. Gross rental yields in Singapore remain poor, ranging from around 2.35% to 3.00%. Yields are a little higher on smaller apartments than large ones, as is typical in most property markets. But those yields alone would not be a reason for owning property here.

Prices are slightly down on last year, especially in the core and central region. 

Round trip transaction costs are very low in Singapore. See our Property transaction costs analysis for Singapore and Property transaction costs in Japan, compared to the rest of Asia.






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