Average gross rental yields in Singapore stands at 4.78% (Q2, 2023).

• Tanglin/Holland
• Hougang/Punggol
• Alexandra/Commonwealth
• Orchard/River Valley
• East Coast/Marine Parade
• Newton/Novena
• Breda

		Last Updated: Aug. 14, 2023
TANGLIN/HOLLAND/BUKIT TIMAH - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Tanglin / Holland / Bukit Timah (all locations)
1-Bedroom	$891,606	$4,300	5.79%
2-Bedroom	$1,381,990	$7,900	6.86%
3-Bedroom	$3,180,063	$8,800	3.32%
4+Bedroom	$8,544,563	$20,000	2.81%
Tanglin / Holland / Bukit Timah avg. Rental Yields			4.69%
HOUGANG/PUNGGOL/SENGKANG - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Hougang / Punggol / Sengkang (all locations)
1-Bedroom	$635,270	$3,200	6.04%
2-Bedroom	$817,306	$4,200	6.17%
3-Bedroom	$1,173,949	$5,000	5.11%
4+Bedroom	$1,389,007	$6,500	5.62%
Hougang / Punggol / Sengkang avg. Rental Yields			5.73%
ALEXANDRA/COMMONWEALTH - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Alexandra / Commonwealth (all locations)
1-Bedroom	$854,456	$4,300	6.04%
2-Bedroom	$1,337,410	$5,500	4.93%
3-Bedroom	$1,708,913	$7,850	5.51%
4+Bedroom	$2,518,789	$10,000	4.76%
Alexandra / Commonwealth avg. Rental Yields			5.31%
ORCHARD/RIVER VALLEY - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Orchard / River Valley (all locations)
1-Bedroom	$928,756	$3,500	4.52%
2-Bedroom	$1,708,912	$5,200	3.65%
3-Bedroom	$3,194,924	$9,500	3.57%
4+Bedroom	$4,561,311	$13,500	3.55%
Orchard / River Valley avg. Rental Yields			3.82%
EAST COAST/MARINE PARADE - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
East Coast / Marine Parade (all locations)
1-Bedroom	$958,477	$3,500	4.38%
2-Bedroom	$1,263,109	$4,990	4.74%
3-Bedroom	$1,634,612	$6,500	4.77%
4+Bedroom	$2,511,359	$8,950	4.28%
East Coast / Marine Parade avg. Rental Yields			4.54%
NEWTON/NOVENA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Newton / Novena (all locations)
1-Bedroom	$1,040,208	$3,800	4.38%
2-Bedroom	$1,263,109	$5,500	5.23%
3-Bedroom	$2,097,133	$7,000	4.01%
4+Bedroom	$3,083,473	$12,000	4.67%
Newton / Novena avg. Rental Yields			4.57%
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, Propertyguru.sg and srx.com

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the different areas of Singapore. We used propertygury and srx (largest property portals in Singapore) for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).