Singapore: House Prices, Rents, and Rental Yields
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Last Updated: May 07, 2009
Singapore, unchanged at 3.51%
| Last Updated: May 07, 2009 | |||||
| SINGAPORE CENTRE CONDOS | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 70 sq. m. | 817,810 | 2,936 | 4.31% | 11,683 | 41.94 |
| 120 sq. m. | 1,358,880 | 4,286 | 3.79% | 11,324 | 35.72 |
| 180 sq. m. | 2,286,000 | 5,708 | 3.00% | 12,700 | 31.71 |
| 360 sq. m. | 4,850,280 | 11,894 | 2.94% | 13,473 | 33.04 |
|
Holland Road, River Valley Road, Orchard Road, and Tanglin Road Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Gross rental yields in Singapore average 3.51%, unchanged from last year.
Buying prices average US$12,295 per square metre, somewhat lower than last year’s average prices of US$13,686. This reflects the rather substantial price falls Singapore has experienced.
The price fall in the 1st quarter this year was particularly bad, with a 14% price drop reported by the Urban Redevelopment Authority, and a 21% price fall over the year (or 22.7% after inflation).
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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This figure is outdated in the current market.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.