|Last Updated: May 23, 2012|
|SINGAPORE CENTRE CONDOS||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||1,306,425||3,279||3.01%||17,419||43.72|
|120 sq. m.||1,962,000||4,817||2.95%||16,350||40.14|
|175 sq. m.||3,218,425||7,168||2.67%||18,391||40.96|
|300 sq. m.||5,577,000||11,988||2.58%||18,590||39.96|
Holland Road, River Valley Road, Orchard Road, and Tanglin Road
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Apartments in Singapore’s Core Central Region have experienced slight price-rises over the past year, with prices increasing by 2% during the year to Q1 2012, according to Singapore’s Urban Redevelopment Authority (URA).
This is in line with Global Property Guide’s latest survey. We found apartment prices had increased by around 1.4% in US$ terms between May 2011 and May 2012 – but then the Singaporean Dollar has fallen by around 2% against the US$ in the same period.
Rents have also increased by around 2% during the year to Q1 2012, according to URA. This increase is also in line with what we found, only we observed around 0.8% increase in the average rents per sq. m.
Gross rental yields in Singapore however remain very poor, ranging from 2.58% to 3.01%.
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