Rental Yield - Safety First

Rental Yield

A bird in the hand is worth two in the bush. While potential capital gain is attractive, getting your rental yield right goes a long way. Today's low interest rates environment isn't permanent.

Although overall rental yields remain at one of the lowest levels in a decade, there are still a handful of properties that yield above 5%. As we would expect, high-yield properties are mostly 99-year leasehold and are located in the mass market districts, where capital values are lower.

Take note of the supply that is currently under construction, especially districts that will see large swings in completed units come 2014/2015. If rental demand stays the same or dips, especially in view of the slowing of the inflow of immigrants, the downgrading of Singapore's GDP forecast, and the depressed economic situation that could lead to another global downturn, a higher supply of completed units leads to a higher level of competition over a limited pool of tenants, resulting in a fall in rental rates.

Historical Rental

Current Rental Yield

Note: Mouseover to see the property's name.
Source: URA, squarefoot.com.sg
5.0% and above
4.0 - 4.9%
3.0 - 3.9%
Less than 3.0%

Rental Yield*, Breakdown by Project

Note: *Based on transactions in the last 6 months, exclude projects with 3 or fewer transactions.
Source: URA, http://propertypricestoday.com
Postal
District
Project Name Tenure Completion
Date
Average
Price
($psf)
#
Transactions
Average
Rent
($psf pm)
#
Rental
Contracts
Rental
Yield
(%)
9 LEONIE SUITES 99 Yrs From 07/01/2002 2006 1226 5 4.29 29 4.2
2 SPOTTISWOODE PARK 85 Yrs From 01/08/1990 2013 708 4 2.49 18 4.2
22 THE FLORAVALE 99 Yrs From 16/12/1997 2000 602 5 2.01 11 4.0
3 THE CREST 99 Yrs From 21/12/2012 2017 1661 32 5.41 4 3.9
11 HILLCREST ARCADIA 99 Yrs From 01/12/1975 1980 814 6 2.60 13 3.8
15 PARC ELEGANCE Freehold 2013 1240 4 3.94 6 3.8
14 ASTORIA PARK 99 Yrs From 01/05/1993 1995 955 4 2.91 24 3.7
5 DOVER PARKVIEW 99 Yrs From 01/12/1993 1997 1000 4 3.11 45 3.7
18 EASTVALE 99 Yrs From 26/06/1996 1999 719 5 2.22 10 3.7
5 HERITAGE VIEW 99 Yrs From 12/08/1996 2000 1133 5 3.52 55 3.7
2 ICON 99 Yrs From 29/01/2002 2007 1697 10 5.18 61 3.7
3 LANDMARK TOWER 99 Yrs From 16/06/1980 1984 812 4 2.49 6 3.7
25 NORTHOAKS 99 Yrs From 16/12/1997 2000 604 5 1.87 20 3.7
22 SUMMERDALE 99 Yrs From 22/09/1997 2000 686 5 2.14 19 3.7
2 76 SHENTON 99 Yrs From 12/04/2007 2014 1770 4 5.36 23 3.6
18 PINEVALE 99 Yrs From 31/01/1997 1999 670 4 1.99 16 3.6
3 QUEENS 99 Yrs From 16/02/1998 2002 1165 8 3.54 48 3.6
10 RV RESIDENCES 999 Yrs From 21/06/1877 2015 1963 12 5.86 31 3.6
11 SOLEIL @ SINARAN 99 Yrs From 23/10/2006 2011 1756 5 5.20 44 3.6
7 SOUTHBANK 99 Yrs From 27/01/2006 2010 1515 4 4.56 31 3.6
1 THE CLIFT 99 Yrs From 28/04/2004 2011 1979 6 5.92 58 3.6
18 THE EDEN AT TAMPINES 99 Yrs From 12/09/2000 2003 745 7 2.23 13 3.6
4 THE INTERLACE 99 Yrs From 11/02/2009 2013 1104 12 3.33 56 3.6
2 ALTEZ 99 Yrs From 06/02/2008 2014 2008 5 5.86 34 3.5
5 BLUE HORIZON 99 Yrs From 14/08/2000 2005 982 11 2.84 38 3.5
14 EUHABITAT 99 Yrs From 06/12/2010 2015 1183 8 3.41 41 3.5
8 KERRISDALE 99 Yrs From 02/04/1998 2005 1038 6 3.06 57 3.5
27 LILYDALE 99 Yrs From 12/09/2000 2003 659 4 1.93 15 3.5
3 TANGLIN VIEW 99 Yrs From 17/05/1997 2001 1157 6 3.38 19 3.5
3 THE METROPOLITAN CONDOMINIUM 99 Yrs From 17/02/2006 2009 1231 7 3.61 34 3.5
4 CARIBBEAN AT KEPPEL BAY 99 Yrs From 16/08/1999 2004 1464 10 4.18 76 3.4
19 PARK GREEN 99 Yrs From 17/08/2001 2004 667 5 1.89 8 3.4
4 REFLECTIONS AT KEPPEL BAY 99 Yrs From 15/03/2006 2011 1549 5 4.38 133 3.4
2 SKYSUITES@ANSON 99 Yrs From 18/02/2008 2014 2333 23 6.58 55 3.4
1 THE SAIL @ MARINA BAY 99 Yrs From 12/08/2002 2008 1910 11 5.36 110 3.4
25 LA CASA 99 Yrs From 13/09/2004 2008 743 4 2.03 10 3.3
15 MANDARIN GARDENS 99 Yrs From 08/03/1982 1986 864 18 2.38 45 3.3
15 SANCTUARY GREEN 99 Yrs From 17/03/1997 2004 1080 5 2.95 26 3.3
15 SILVERSEA 99 Yrs From 20/07/2007 2014 1444 4 4.03 35 3.3
2 SPOTTISWOODE SUITES Freehold 2017 2126 10 5.80 14 3.3
14 WATERBANK AT DAKOTA 99 Yrs From 07/12/2009 2013 1528 6 4.19 54 3.3
13 8@WOODLEIGH 99 Yrs From 22/09/2008 2012 1229 4 3.31 34 3.2
20 BISHAN LOFT 99 Yrs From 13/12/2000 2003 1014 5 2.69 10 3.2
8 CITY SQUARE RESIDENCES Freehold 2008 1435 10 3.82 178 3.2
5 HUNDRED TREES 956 Yrs From 27/05/1928 2013 1281 4 3.38 26 3.2
5 THE TRILINQ 99 Yrs From 16/04/2012 2017 1304 73 3.53 47 3.2
23 YEW MEI GREEN 99 Yrs From 01/12/1997 2000 685 6 1.85 15 3.2
4 CORALS AT KEPPEL BAY 99 Yrs From 26/02/2007 2016 1980 13 5.13 14 3.1
11 CUBE 8 Freehold 2013 1378 6 3.58 8 3.1
10 DRAYCOTT EIGHT 99 Yrs From 24/10/1997 2005 1857 7 4.73 22 3.1
15 IMPERIAL HEIGHTS Freehold 2009 1356 4 3.47 13 3.1
3 PEARL BANK APARTMENT 99 Yrs From 02/06/1970 1976 685 4 1.75 11 3.1
9 ROBERTSON 100 Freehold 2004 1658 4 4.29 35 3.1
23 THE DEW 99 Yrs From 13/12/2000 2003 807 5 2.11 7 3.1
13 THE VENUE RESIDENCES 99 Yrs From 05/12/2012 2017 1342 19 3.45 34 3.1
3 ALESSANDREA Freehold 2003 1275 4 3.15 8 3.0
14 THE CENTREN Freehold 2016 1139 9 2.88 4 3.0
12 TRELLIS TOWERS Freehold 2000 1348 4 3.36 11 3.0
15 WATER PLACE 99 Yrs From 02/03/1998 2004 1187 5 2.95 30 3.0
5 BOTANNIA 956 Yrs From 27/05/1928 2009 1108 8 2.72 23 2.9
15 COSTA RHU 99 Yrs From 30/05/1994 1997 1207 6 2.89 64 2.9
14 MILLAGE Freehold 2016 1619 4 3.92 10 2.9
10 ONE JERVOIS Freehold 2009 1598 5 3.83 36 2.9
11 PARK INFINIA AT WEE NAM Freehold 2008 1809 11 4.41 43 2.9
5 THE INFINITI Freehold 2008 1033 7 2.47 12 2.9
5 THE PARC CONDOMINIUM Freehold 2010 1211 9 2.92 41 2.9
9 VISIONCREST Freehold 2007 1877 5 4.61 54 2.9
15 AMBER SKYE Freehold 2017 1903 29 4.45 6 2.8
13 BLOSSOMS @ WOODLEIGH Freehold 2007 1213 4 2.83 10 2.8
9 CAIRNHILL NINE 99 Yrs From 12/05/2014 2016 2592 15 6.13 37 2.8
15 ONE AMBER Freehold 2010 1482 4 3.44 43 2.8
2 ONZE @ TANJONG PAGAR Freehold 2017 2456 7 5.71 7 2.8
9 RIVERGATE Freehold 2009 1946 10 4.48 124 2.8
12 THE ARTE Freehold 2010 1186 8 2.80 20 2.8
13 BARTLEY RIDGE 99 Yrs From 16/04/2012 2016 1405 4 3.11 37 2.7
15 FLAMINGO VALLEY Freehold 2014 1322 4 2.93 14 2.7
10 LEEDON RESIDENCE Freehold 2015 2108 23 4.80 18 2.7
5 MONTEREY PARK CONDOMINIUM 999 Yrs From 21/02/1885 2005 1116 4 2.49 9 2.7
13 ONE LEICESTER Freehold 2008 1190 4 2.66 15 2.7
15 PEBBLE BAY 99 Yrs From 09/03/1994 1997 1365 8 3.07 31 2.7
11 SKY@ELEVEN Freehold 2010 1481 5 3.37 22 2.7
3 THE ANCHORAGE Freehold 1997 1191 6 2.68 58 2.7
15 THE ESTA Freehold 2008 1450 4 3.28 20 2.7
12 THE RIVERINE BY THE PARK Freehold 2010 1481 4 3.31 8 2.7
11 26 NEWTON Freehold 2016 2506 9 5.35 18 2.6
10 CYAN Freehold 2014 1965 4 4.31 42 2.6
8 FORTE SUITES Freehold 2016 1882 6 4.10 20 2.6
15 FULCRUM Freehold 2016 1926 33 4.22 10 2.6
10 POLLEN & BLEU 99 Yrs From 24/09/2012 2016 1998 43 4.32 18 2.6
11 THOMSON 800 Freehold 1999 1162 5 2.49 25 2.6
10 VALLEY PARK 999 Yrs From 21/06/1877 1997 1456 6 3.16 136 2.6
11 6 DERBYSHIRE Freehold 2017 2179 8 4.48 20 2.5
9 BELLE VUE RESIDENCES Freehold 2010 1780 4 3.71 29 2.5
15 COASTARINA Freehold 2006 1225 6 2.60 4 2.5
15 MARINE BLUE Freehold 2016 1767 11 3.69 7 2.5
8 MERA SPRINGS Freehold 2008 1356 5 2.87 21 2.5
10 ROBIN RESIDENCES Freehold 2015 2394 5 5.00 16 2.5
9 CAIRNHILL CREST Freehold 2004 1862 6 3.69 48 2.4
9 OUE TWIN PEAKS 99 Yrs From 10/05/2010 2015 2951 28 6.01 77 2.4
15 THE MAKENA Freehold 1998 1316 11 2.62 42 2.4
10 ONE BALMORAL Freehold 2016 2256 37 4.33 20 2.3
13 E MAISON Freehold 2016 1367 12 2.46 7 2.2
10 GRAMERCY PARK Freehold 2016 2834 28 5.10 20 2.2
5 LANDRIDGE CONDOMINIUM Freehold 1993 1239 4 2.31 5 2.2
10 MON JERVOIS 99 Yrs From 07/05/2012 2016 2207 7 4.11 15 2.2
10 THE ARC AT DRAYCOTT Freehold 2008 2254 4 4.14 10 2.2
15 THE MEYERISE Freehold 2014 2131 25 3.73 15 2.1
10 SPANISH VILLAGE Freehold 1987 1396 4 2.28 41 2.0
10 TOMLINSON HEIGHTS Freehold 2014 2742 6 4.27 6 1.9
10 ARDMORE THREE Freehold 2014 3641 6 4.83 18 1.6

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