When looking for high rental yields, a common issue that crops up is finding apartments – that is, developments like People’s Park Complex, or walk-up apartments, that are not actual condos. These tend to rise to the top due to their lower quantum; so to make things easy, we went out and found high-rental yield projects that are full-featured condos. Here are some to look out for:
*
The list below was collected based on rental data from the past 6 months. It has been reported that rental rates have been dropping, due to an increasing supply of homes so these rental yields may not be sustainable in the months moving forward.
Top rental yields among full-suite condos
POSTAL
DISTRICT |
PROJECT NAME |
TENURE |
COMPLETION
DATE |
AVERAGE
PRICE
($PSF) |
#
TRANSACTIONS |
AVERAGE
RENT
($PSF PM) |
#
RENTAL
CONTRACTS |
RENTAL
YIELD
(%) |
5 |
NEWEST |
956 YRS FROM 1928 |
2016 |
1,087 |
8 |
4.76 |
42 |
5.3 |
8 |
JOOL SUITES |
FREEHOLD |
2013 |
1,516 |
5 |
6.61 |
18 |
5.2 |
12 |
THE VERVE |
FREEHOLD |
2012 |
1,291 |
7 |
5.62 |
42 |
5.2 |
5 |
PARC IMPERIAL |
FREEHOLD |
2010 |
1,852 |
8 |
7.98 |
75 |
5.2 |
19 |
SUITES @ PAYA LEBAR |
FREEHOLD |
2013 |
1,559 |
14 |
6.7 |
36 |
5.2 |
23 |
KINGSFORD HILLVIEW PEAK |
99 YRS FROM 2012 |
2017 |
1,260 |
8 |
5.41 |
36 |
5.2 |
21 |
NOTTINGHILL SUITES |
FREEHOLD |
2014 |
1,657 |
9 |
7.03 |
53 |
5.1 |
19 |
VIBES@UPPER SERANGOON |
FREEHOLD |
2016 |
1,480 |
4 |
6.25 |
18 |
5.1 |
2 |
SKYSUITES@ANSON |
99 YRS FROM 2008 |
2014 |
2,274 |
23 |
9.61 |
172 |
5.1 |
3 |
ALEXIS |
FREEHOLD |
2012 |
1,696 |
12 |
6.99 |
122 |
4.9 |
...