Most landlords and agents agree that, with housing supply stabilising after Covid, the rental market is set to soften. But there are also contradictory opinions: some property agents have also pointed to 60 per cent ABSD rates as a sign that more foreigners will rent rather than buy; whilst some landlords feel that falling interest rates will result in higher yields. It’s a good time to get some clarity and sense of direction, so we dived into present-day rental numbers based on unit sizes:
Note: For the following, we are using rental and resale transactions that occurred for the whole of 2024. Gross rental yield is the annual rental income/total cost, and does not take into account other recurring costs like maintenance fees.
Present performance of 1-bedder condo units
Island-wide, the average gross rental yield of a 1-bedder condo is 4.1 per cent. The top three performers for 1-bedders are:...