One of the reasons to buy an older property is supposedly good rental yield. As the theory goes, tenants will still pay around the same rental rate (they don’t care about the remaining lease), while the cost of the property is lower. However, what’s seldom explained is the degree to which a property’s age can affect the rental income.

In this article, we stake out some older developments in Singapore’s private property market, and then looked out at how much lower their rental rates were compared to newer counterparts:
Caveat: This is in no way equal to a full and in-depth study of the topic. Rather, it’s a quick snapshot of some newer condos, and how the rental rates and yields of older condos nearby compare to them.

We will compare developments of different ages in three categories relevant to rental: luxury properties, more fringe region properties, and properties near