The Business Times
business-time-50
BRUNCH

Amid housing rental boom, where are Singapore’s sweet spots for yield?

A dramatic jump in private residential rents last year boosted yields for many owners. Which regions and postal districts recorded the highest rental yields? How should one select a property to buy for rental income?

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Mar 31, 2023 · 02:00 PM
    • Marina One Residences had one of the highest number of leasing transactions among private condominium and apartment projects in District 1 last year.
    • OUE Twin Peaks along Leonie Hill Road had the highest number of leasing transactions among private condominium and apartment projects in District 9 in 2022.
    • Melville Park in Simei had the most number of leasing deals among private condo and apartment projects in District 18 last year.
    • Marina One Residences had one of the highest number of leasing transactions among private condominium and apartment projects in District 1 last year. PHOTO: M+S PTE LTD
    • OUE Twin Peaks along Leonie Hill Road had the highest number of leasing transactions among private condominium and apartment projects in District 9 in 2022. PHOTO: OUE
    • Melville Park in Simei had the most number of leasing deals among private condo and apartment projects in District 18 last year. PHOTO: GOOGLE MAPS

    PRIVATE residential rentals surged in Singapore at a much faster pace than private home prices last year, resulting in an increase in rental yields.

    Knight Frank’s analysis of URA Realis data showed that the island-wide gross rental yield for 99-year leasehold non-landed private homes stood at 4.1 per cent in the fourth quarter of last year, a 0.6 percentage point year-on-year increase. From the trough during the pandemic in the second quarter (Q2) of 2020, the yield has risen 0.8 percentage point.

    For freehold properties, the yield has appreciated 0.5 percentage point year on year and 0.6 percentage point since Q2 2020 to reach 3.4 per cent in Q4 2022, for the first time since Q4 2014.

    ResidentialBrunchSingapore residential propertyHousingPropertyRents

    TRENDING NOW

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Lazada says it will treat affected employees in accordance with the applicable requirements based on the market they are in.

    Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    A total of 45 Singapore-based companies and public-sector agencies featured in the top 100, including top choice DBS.

    DBS tops list of employers sought by Singapore’s fresh graduates: survey

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More