Gross rental yields in SG: To Buy Vs to Rent (2024)
Gross rental yields in SG: To Buy Vs to Rent
As of Q2 2024, the average gross rental yield in Singapore is 4.35%, a slight decrease from 4.65% in Q1 2024. Here’s a breakdown of rental yields across different regions in Singapore:
Tanglin/Holland/Bukit Timah
1-Bedroom: $888,231 (Cost), $3,900 (Monthly Rent), 5.27% Yield
2-Bedroom: $1,458,383 (Cost), $5,000 (Monthly Rent), 4.11% Yield
3-Bedroom: $2,934,863 (Cost), $7,850 (Monthly Rent), 3.21% Yield
4+ Bedroom: $7,253,886 (Cost), $17,000 (Monthly Rent), 2.81% Yield
Average Yield: 3.85%
Hougang/Punggol/Sengkang
1-Bedroom: $657,290 (Cost), $3,000 (Monthly Rent), 5.48% Yield
2-Bedroom: $876,387 (Cost), $3,800 (Monthly Rent), 5.20% Yield
3-Bedroom: $1,254,626 (Cost), $4,599 (Monthly Rent), 4.40% Yield
Average Yield: 5.03%
Alexandra/Commonwealth
1-Bedroom: $854,922 (Cost), $3,800 (Monthly Rent), 5.33% Yield
2-Bedroom: $1,184,308 (Cost), $4,800 (Monthly Rent), 4.86% Yield
3-Bedroom: $1,739,452 (Cost), $6,300 (Monthly Rent), 4.35% Yield
Average Yield: 4.85%
Orchard/River Valley
How Many Condos and Apartments in District 9?
1-Bedroom: $1,184,308 (Cost), $4,200 (Monthly Rent), 4.26% Yield
2-Bedroom: $1,554,404 (Cost), $5,800 (Monthly Rent), 4.48% Yield
3-Bedroom: $2,743,654 (Cost), $8,500 (Monthly Rent), 3.72% Yield
4+ Bedroom: $4,580,311 (Cost), $13,200 (Monthly Rent), 3.46% Yield
Average Yield: 3.98%
East Coast/Marine Parade
1-Bedroom: $947,446 (Cost), $3,500 (Monthly Rent), 4.43% Yield
2-Bedroom: $1,332,346 (Cost), $4,600 (Monthly Rent), 4.14% Yield
3-Bedroom: $1,687,638 (Cost), $6,000 (Monthly Rent), 4.27% Yield
4+ Bedroom: $2,886,750 (Cost), $8,782 (Monthly Rent), 3.65% Yield
Average Yield: 4.12%
Newton/Novena
How Many Condos and Apartment in District 11?
1-Bedroom: $851,221 (Cost), $3,500 (Monthly Rent), 4.93% Yield
2-Bedroom: $1,575,129 (Cost), $4,800 (Monthly Rent), 3.66% Yield
3-Bedroom: $2,141,376 (Cost), $6,900 (Monthly Rent), 3.87% Yield
4+ Bedroom: $2,765,581 (Cost), $10,500 (Monthly Rent), 4.56% Yield
Average Yield: 4.25%
Note: All yields are gross, i.e., before taxes, repair costs, ground rents, estate agents fees, and other costs. Net yields are typically around 1.5% to 2% lower.
To Buy Vs Monthly Rent table 2024 | Last Updated: May. 24, 2024 | ||
| TANGLIN/HOLLAND/BUKIT TIMAH – Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tanglin / Holland / Bukit Timah (all locations) | |||
| 1-Bedroom | $888,231 | $3,900 | 5.27% |
| 2-Bedroom | $1,458,383 | $5,000 | 4.11% |
| 3-Bedroom | $2,934,863 | $7,850 | 3.21% |
| 4+Bedroom | $7,253,886 | $17,000 | 2.81% |
| Tanglin / Holland / Bukit Timah avg. Rental Yields | 3.85% | ||
| HOUGANG/PUNGGOL/SENGKANG – Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hougang / Punggol / Sengkang (all locations) | |||
| 1-Bedroom | $657,290 | $3,000 | 5.48% |
| 2-Bedroom | $876,387 | $3,800 | 5.20% |
| 3-Bedroom | $1,254,626 | $4,599 | 4.40% |
| Hougang / Punggol / Sengkang avg. Rental Yields | 5.03% | ||
| ALEXANDRA/COMMONWEALTH – Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Alexandra / Commonwealth (all locations) | |||
| 1-Bedroom | $854,922 | $3,800 | 5.33% |
| 2-Bedroom | $1,184,308 | $4,800 | 4.86% |
| 3-Bedroom | $1,739,452 | $6,300 | 4.35% |
| Alexandra / Commonwealth avg. Rental Yields | 4.85% | ||
| ORCHARD/RIVER VALLEY – Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Orchard / River Valley (all locations) | |||
| 1-Bedroom | $1,184,308 | $4,200 | 4.26% |
| 2-Bedroom | $1,554,404 | $5,800 | 4.48% |
| 3-Bedroom | $2,743,654 | $8,500 | 3.72% |
| 4+Bedroom | $4,580,311 | $13,200 | 3.46% |
| Orchard / River Valley avg. Rental Yields | 3.98% | ||
| EAST COAST/MARINE PARADE – Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| East Coast / Marine Parade (all locations) | |||
| 1-Bedroom | $947,446 | $3,500 | 4.43% |
| 2-Bedroom | $1,332,346 | $4,600 | 4.14% |
| 3-Bedroom | $1,687,638 | $6,000 | 4.27% |
| 4+Bedroom | $2,886,750 | $8,782 | 3.65% |
| East Coast / Marine Parade avg. Rental Yields | 4.12% | ||
| NEWTON/NOVENA – Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Newton / Novena (all locations) | |||
| 1-Bedroom | $851,221 | $3,500 | 4.93% |
| 2-Bedroom | $1,575,129 | $4,800 | 3.66% |
| 3-Bedroom | $2,141,376 | $6,900 | 3.87% |
| 4+Bedroom | $2,765,581 | $10,500 | 4.56% |
| Newton / Novena avg. Rental Yields | 4.25% | ||
| 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 | |||
Singapore´s Historic Rental Yield Data
To Calculate Nett Rental Yield
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).
Apartments & Condos for Rent in Singapore
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