CNMI yields are high, up to 19%
| Last Updated: Oct. 18, 2007 | |||||
| SAIPAN | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 100 sq. m. | 80,000 | 850 | 12.75% | 800 | 8.50 |
| 150 sq. m. | 170,000 | 2,100 | 14.82% | 1,133 | 14.00 |
| 300 sq. m. | 155,000 | 2,500 | 19.35% | 517 | 8.30 |
| Source: Global Property Guide | |||||
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Falling property prices have led to high yields.
A 100-sq. m. house worth US$80,000 can be rented at US$850 per month, providing a rental yield of 12.75%. Bigger properties have higher yields, around 14% to 19.35%.
Property prices are around US$500 to US$1,200 per sq. m.
At present there is no multiple listing service for real estate vacancies in CNMI neither is there any other formal mechanism for an industry-wide participation for the industry members and, thus, no industry-wide data on prices on otherwise.
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