Singapore

Rental Yields in Singapore in 2022, Q3

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Low to moderate rental yields in SIngapore

Residential Valuation Specialist | November 18, 2022

Last Updated: Sept. 27, 2022
TANGLIN/HOLLAND/BUKIT TIMAH - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Tanglin / Holland / Bukit Timah (all locations)
1-Bedroom $831,643 $3,600 5.19%
2-Bedroom $1,475,323 $5,500 4.47%
3-Bedroom $2,837,160 $8,800 3.72%
4+Bedroom $8,227,764 $18,000 2.63%
Tanglin / Holland / Bukit Timah avg. Rental Yields 4.00%
HOUGANG/PUNGGOL/SENGKANG - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Hougang / Punggol / Sengkang (all locations)
1-Bedroom $528,421 $3,000 6.81%
2-Bedroom $815,684 $3,800 5.59%
3-Bedroom $1,120,678 $4,600 4.93%
4+Bedroom $2,059,778 $5,500 3.20%
Hougang / Punggol / Sengkang avg. Rental Yields 5.13%
ALEXANDRA/COMMONWEALTH - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Alexandra / Commonwealth (all locations)
1-Bedroom $851,148 $4,500 6.34%
2-Bedroom $1,060,389 $5,250 5.94%
3-Bedroom $1,541,602 $6,500 5.06%
4+Bedroom $2,410,167 $9,800 4.88%
Alexandra / Commonwealth avg. Rental Yields 5.56%
ORCHARD/RIVER VALLEY - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Orchard / River Valley (all locations)
1-Bedroom $865,334 $4,500 6.24%
2-Bedroom $1,631,367 $6,500 4.78%
3-Bedroom $2,837,018 $8,500 3.60%
4+Bedroom $4,255,740 $13,500 3.81%
Orchard / River Valley avg. Rental Yields 4.61%
EAST COAST/MARINE PARADE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
East Coast / Marine Parade (all locations)
1-Bedroom $730,569 $3,200 5.26%
2-Bedroom $1,071,028 $4,400 4.93%
3-Bedroom $1,336,617 $6,000 5.39%
4+Bedroom $3,191,805 $9,750 3.67%
East Coast / Marine Parade avg. Rental Yields 4.81%
NEWTON/NOVENA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Newton / Novena (all locations)
1-Bedroom $851,148 $3,500 4.93%
2-Bedroom $1,276,722 $5,000 4.70%
3-Bedroom $2,079,851 $6,800 3.92%
4+Bedroom $3,608,868 $11,000 3.66%
Newton / Novena avg. Rental Yields 4.30%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Singapore is a safe haven, it is a liquid market, and 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.

Apartments in Singapore are expensive, at around US$1,060,000 to US$1,631,000 for a two-bedroom apartment. That´s because there´s a ´global city´ premium. Gross rental yields in Singapore remain poor to moderate, ranging between 4.00% to.5.56%.

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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