Residential

H1 private homes rental yield increasing  

Data from the Urban Redevelopment Authority that was compiled by STProperty showed that the gross rental yields for private homes has increased in H1 2014, especially in the suburban area of Singapore. The gross rental yields are measured based on the annual median gross rent per square foot and the median resale price per square foot for that area. Gross rental yields in the north-east region have surged from 3.73 per cent last year to 4.03 per cent in H1 2014. Prime locations like Orchard had one of the lowest gross rental yields at 2.7 per cent in H1 this year. However, all regions across Singapore experienced an improvement in gross rental yields. Nonetheless, analysts believe that the recent spike was merely an anomaly that was caused by buyers’ anticipation of capital appreciation, as rental yields have been in a ...