Gross rental yields in uptick for first-half 2014

[SINGAPORE] With the recent resale prices of private condos falling at a faster clip than rents, gross rental yields picked up in the first half of this year in all regions across Singapore, after having slid since 2009.

Going by Urban Redevelopment Authority (URA) data compiled by STProperty, the recovery was led by suburban areas, especially the north-east.

Market watchers say that this rebound is likely to be a blip, as the leasing market is softening and vacancy rates are on the rise.