Insights Investment guide

Singapore condo rental yield by district

District rental yield is a screening tool. It can show where rent looks stronger relative to sale price, but it should not replace project-level checks. The serious decision happens after you compare specific condos, unit sizes, sale PSF, tenure and costs.

Data is for research and comparison only.
Districts compared 27 Districts with enough rent and sale evidence
Highest rough yield 3.70% Kranji, Woodgrove
Yield formula Rent x 12 / price Gross yield before costs

Use district yield as a map, not a verdict

A district-level gross yield is useful for scanning the market. It tells you where median rent is stronger relative to median sale price.

But a district contains very different projects. A small older condo, a luxury freehold project and a mass-market leasehold condo can all sit inside the same district and behave differently.

What to make of this

This investment read is a shortlist tool, not a buy signal. The main anchors here are districts compared 27 (Districts with enough rent and sale evidence) and highest rough yield 3.70% (Kranji, Woodgrove). Strong rent only matters if the entry price, tenure, sale depth and holding costs still make sense after the first excitement wears off.

D25 / Kranji, Woodgrove (25 projects) is the first row I would open, with gross yield 3.70% and median rent $3,700. I would open the top projects, check whether rent depth and sale depth both exist, then run the yield calculator with boring assumptions. Boring assumptions are where bad deals show themselves.

What I would check next

I would open the project page, check rental depth and sale depth, then run the yield calculator with conservative costs. A yield that only works under perfect assumptions is not really a strong yield.

The part people skip is exit risk. If sale activity is thin, the income may look fine today while the future resale path stays unclear.

Why gross yield can mislead

Gross yield does not include maintenance, vacancy, tax, repairs, financing cost, furnishing or stamp duty. It also does not tell you whether resale demand is healthy.

Use the district ranking to shortlist areas, then use project pages and the rental yield calculator to test individual condos.

What a better yield check includes

A better yield check uses median rent, median sale price, sale PSF, rental stability, sale volume and tenure. If the district looks good but the project has thin sales, be careful.

For foreign buyers or second-property buyers, ABSD can change the entire investment case, so the stamp duty calculator belongs in the workflow.

Rough gross yield by district

Calculated from median monthly rent and median sale price, before owner costs.

01 D25 / Kranji, Woodgrove 25 projects 3.70% Gross yield $3,700 Median rent $1,200,000 Median sale 6,545 Transactions 02 D22 / Jurong 31 projects 3.31% Gross yield $4,200 Median rent $1,521,500 Median sale 15,730 Transactions 03 D04 / Telok Blangah, Harbourfront 38 projects 3.24% Gross yield $7,350 Median rent $2,720,000 Median sale 12,677 Transactions 04 D27 / Yishun, Sembawang 60 projects 3.23% Gross yield $3,500 Median rent $1,301,000 Median sale 13,528 Transactions 05 D01 / Raffles Place, Cecil, Marina, People's Park 25 projects 3.20% Gross yield $5,200 Median rent $1,951,430 Median sale 13,932 Transactions 06 D02 / Anson, Tanjong Pagar 29 projects 3.13% Gross yield $4,300 Median rent $1,650,000 Median sale 11,146 Transactions 07 D08 / Little India 96 projects 2.99% Gross yield $3,800 Median rent $1,525,000 Median sale 11,425 Transactions 08 D14 / Geylang, Eunos 259 projects 2.98% Gross yield $3,400 Median rent $1,370,000 Median sale 32,259 Transactions 09 D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang 106 projects 2.92% Gross yield $3,500 Median rent $1,436,000 Median sale 26,286 Transactions 10 D07 / Middle Road, Golden Mile 36 projects 2.92% Gross yield $4,500 Median rent $1,850,000 Median sale 7,970 Transactions 11 D18 / Tampines, Pasir Ris 53 projects 2.90% Gross yield $3,500 Median rent $1,450,000 Median sale 29,169 Transactions 12 D10 / Ardmore, Bukit Timah, Holland Road, Tanglin 444 projects 2.82% Gross yield $6,300 Median rent $2,680,000 Median sale 51,883 Transactions

Quick answers

Short answers based on the current data view.

Is district rental yield enough for investing?

No. Use it to shortlist areas, then compare specific projects with rent depth, sale depth, tenure and owner costs.

Why do some high-rent districts have lower yield?

Because sale prices may be much higher. High rent does not guarantee strong yield.

Should I use gross or net yield?

Use gross yield for the first screen and net yield for the decision.