You wouldn't own a Singapore condominium for rental yields!
Residential Valuation Specialist | June 15, 2019
|Last Updated: June 15, 2019|
|CORE CENTRAL REGION SINGAPORE||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||700,960||1,761||3.02%||17,524||44.03|
|75 sq. m.||1,168,650||3,192||3.28%||15,582||42.56|
|120 sq. m.||1,724,760||4,736||3.30%||14,373||39.47|
|200 sq. m.||3,196,000||n.a.||n.a.||15,980||n.a.|
|350 sq. m.||5,880,350||n.a.||n.a.||16,801||n.a.|
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.
Districts researched : Districts 7, 9, 10 and 11
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
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 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.
Nobody can say that condos in Singapore are cheap, at around US$14,000 - US$18,000 per square metre (sq. m.). That´s because there´s a ´global city´ premium. Gross rental yields in Singapore remain poor, at around 3.0%.
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.