|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
Nobody can say that condos in Singapore are cheap, at around US$17,300 to US19,200 per square metre (sq. m.). That’s because there’s a ‘global city’ premium. 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, too.
No surprise that gross rental yields in Singapore remain very poor, ranging from around 2.30% to 3.60%. Yields are a little higher on smaller apartments, as is typical in most property markets.
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