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    Oct 18, 2007

    CNMI yields are high, up to 19%


    Last Updated: Oct. 18, 2007
    SAIPAN COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
    TO BUY MONTHLY RENT TO BUY MONTHLY RENT
    100 sq. m. 80,000 850 12.75% 800 8.50
    150 sq. m. 170,000 2,100 14.82% 1,133 14.00
    300 sq. m. 155,000 2,500 19.35% 517 8.30
    Source: Global Property Guide

    Falling property prices have led to high yields.

    A 100-sq. m. house worth US$80,000 can be rented at US$850 per month, providing a rental yield of 12.75%. Bigger properties have higher yields, around 14% to 19.35%.

    Property prices are around US$500 to US$1,200 per sq. m.

    At present there is no multiple listing service for real estate vacancies in CNMI neither is there any other formal mechanism for an industry-wide participation for the industry members and, thus, no industry-wide data on prices on otherwise.

      





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