Gross rental yields in Singapore: Newton/Novena and 5 other areas
Average gross rental yield in Singapore stands at 3.40% (Q4, 2024). Previously, in Q2 2024 the rental yield was 3.22%.
Cities and areas compared
- Tanglin/Holland/Bukit Timah
- Hougang/Punggol/Sengkang
- Alexandra/Commonwealth
- Orchard/River Valley
- East Coast/Marine Parade
- Newton/Novena
Historical rental yields in Singapore
View the full rental yield dataset (2022 - Present)
| Last Updated: Nov. 28, 2024 Next Update: May 2025 |
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| TANGLIN/HOLLAND/BUKIT TIMAH - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tanglin / Holland / Bukit Timah (all locations) | |||
| 1-Bedroom | $895,190 | $2,990 | 4.01% |
| 2-Bedroom | $1,342,053 | $3,962 | 3.54% |
| 3-Bedroom | $3,589,737 | $6,727 | 2.25% |
| 4+Bedroom | $5,333,951 | $14,950 | 3.36% |
| Tanglin / Holland / Bukit Timah avg. Rental Yields | 3.29% | ||
| HOUGANG/PUNGGOL/SENGKANG - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hougang / Punggol / Sengkang (all locations) | |||
| 1-Bedroom | $664,101 | $2,243 | 4.05% |
| 2-Bedroom | $897,434 | $2,841 | 3.80% |
| 3-Bedroom | $1,286,322 | $3,289 | 3.07% |
| Hougang / Punggol / Sengkang avg. Rental Yields | 3.64% | ||
| ALEXANDRA/COMMONWEALTH - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Alexandra / Commonwealth (all locations) | |||
| 1-Bedroom | $822,648 | $2,990 | 4.36% |
| 2-Bedroom | $1,174,143 | $3,738 | 3.82% |
| 3-Bedroom | $1,705,125 | $4,859 | 3.42% |
| Alexandra / Commonwealth avg. Rental Yields | 3.87% | ||
| ORCHARD/RIVER VALLEY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Orchard / River Valley (all locations) | |||
| 1-Bedroom | $1,009,613 | $3,663 | 4.35% |
| 2-Bedroom | $1,427,257 | $4,336 | 3.65% |
| 3-Bedroom | $2,979,482 | $6,578 | 2.65% |
| 4+Bedroom | $4,517,086 | $9,718 | 2.58% |
| Orchard / River Valley avg. Rental Yields | 3.31% | ||
| EAST COAST/MARINE PARADE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| East Coast / Marine Parade (all locations) | |||
| 1-Bedroom | $747,114 | $2,452 | 3.94% |
| 2-Bedroom | $1,318,854 | $3,364 | 3.06% |
| 3-Bedroom | $1,720,082 | $4,836 | 3.37% |
| 4+Bedroom | $2,463,457 | $6,727 | 3.28% |
| East Coast / Marine Parade avg. Rental Yields | 3.41% | ||
| NEWTON/NOVENA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Newton / Novena (all locations) | |||
| 1-Bedroom | $822,648 | $2,616 | 3.82% |
| 2-Bedroom | $1,990,000 | $3,588 | 2.16% |
| 3-Bedroom | $2,161,321 | $5,083 | 2.82% |
| 4+Bedroom | $2,906,416 | $6,728 | 2.78% |
| Newton / Novena avg. Rental Yields | 2.89% | ||
| 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 |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in Singapore, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.