Gross rental yields in Singapore: Newton/Novena and 5 other areas
Average gross rental yields in Singapore stands at 3.40% (Q4, 2024).
- Tanglin/Holland/Bukit Timah
- Hougang/Punggol/Sengkang
- Alexandra/Commonwealth
- Orchard/River Valley
- East Coast/Marine Parade
- Newton/Novena
| Last Updated: Nov. 28, 2024 | |||
| 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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Singapore's Historic Rental Yield Data
Navigatable historical rental yield data.
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 PropertyGuru and SRX (the 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).