Property yield, much like a stock or REIT’s dividend yield, plays a factor in giving an investor his desired returns over the long term.
In Singapore, residential property yields have been hovering around the 3-3.5% mark across the island. It’s at the higher end in the Mass Market segment while more compressed in the central districts.
How is yield calculated?
Let’s recap – how is yield calculated? If you remember high school math, the numerator (the number above) is the rental income generated by the property, while the denominator (the number below) is the price paid by the investor for the property.
There are some variations for example
- Numerator can be the full rental income before deducting property tax, insurance, maintenance costs etc. It is more accurate to deduct these items.
- Denominator can be the present market price. For example, the investor bought his house for S$500,000 five years ago and the property at present market price is now worth S$1,000,000. For an investor, it is more accurate to use the price he paid for the property i.e.S$500,000 in this case.
With that out of the way, here are the 4 properties where yields are around the 4% mark.
Sky Suites 17
| Development name | Sky Suites 17 |
| Property type | Apartment |
| Developer | EL Development (Balestier) Pte. Ltd. |
| Tenure | Freehold |
| Completion year | 2015 |
| # of floors | 30 |
| # of units | 115 |
SkySuites 17 is a freehold apartment development located at 17 Jalan Rajah, Singapore 329137, in district 12. It is expected to be completed in 2015. SkySuites 17 stands 30 storeys tall and comprises of 115 units. It is located within walking distance to Toa Payoh MRT Station.
Condo Facilities at SkySuites 17
Facilities at SkySuites 17 include 50m lap pool, Jacuzzi, wading pool, BBQ pits, steam bath, children’s playground, gym, fitness corner and clubhouse.
Condo Amenities near SkySuites 17
SkySuites 17 is located close to schools, including the elite CHIJ Secondary, Balestier Hill Primary School and Balestier Hill Secondary School.
Residents can head down to Novena Shopping Mall for amenities such as retail, supermarkets, restaurants, banks, and more.
For vehicle owners, driving from SkySuites 17 to Orchard Road or Central Business District (CBD) takes about 5-10 minutes, via the pan Island Expressway (PIE).
Laguna Green
| Development name | Laguna Green |
| Property type | Condominium |
| Developer | Far East Organization |
| Tenure | 99 year leasehold |
| Completion year | 1999 |
| # of floors | 4 |
| # of units | 121 |
Laguna Green Laguna Green is a 99-years leasehold development located at 20 Jalan Hajijah 468726 in District 16 near Bedok MRT and Tanah Merah MRT Station. Completed in 1999, it comprises of 4 storeys and 121 units. Located nearby are Temasek Junior College and Bedok Polyclinic.
Condo Facilities at Laguna Green
Laguna Green has full facilities, which includes covered car park, 24 hours security, wading pool, swimming pool, BBQ pits, gym, tennis court, sauna, and a clubhouse.
Condo Amenities near Laguna Green
It is a short bus ride to Bedok train station, and there are several bus services available close by. Established schools such as Victoria School are a short ride as well. Numerous restaurants are located within walking distance of the development.
Residents can head down to the nearby food and market centre or Siglap Centre Shopping Mall for a host of amenities including restaurants, and supermarkets. Recreational facilities nearby include the East Coast Park. In addition, the Saint Andrew’s Community Hospital is located just a stone’s throw away.
For vehicle owners, it takes less than 20 minutes to get to the business hub and the Orchard Road shopping district, via East Coast Parkway
The Hillford
| Development name | The Hillford |
| Property type | Apartment |
| Developer | World Class Development (North) Pte Ltd |
| Expected completion | 2017 |
| # of units | 281 |
The Hillford is a 281 Units of 60-year Leasehold Apartment and 20 Commercial units located at Jalan Jurong Kechil in District 21. It will be completed in 2017.
The Hillford is close to NS2 Bukit Batok MRT Station and not far from several Schools such as German European School Singapore (Deutsche Europäische Schule Singapur) (GESS) – Primary , Canadian International School (CISS) – Toh Tuck Campus and Anglo-Chinese School (Secondary).
Resident at The Hillford can get to the nearest NTUC Fairprice Supermarkets at Bukit Timah Plaza and 280 Bukit Batok East Ave 3. It is also nearby to Bukit Timah Shopping Centre, Beauty World Centre, Beauty World Plaza and Bukit Timah Plaza Shopping Malls for an array of amenities such as grocery and retail shopping, banks, eateries and more.
Vehicle owners can take Bukit Timah Road, Jalan Jurong Kechil, Pan-Island Expressway (PIE) and Bukit Timah Expressway (BKE) to get to the business hub or shopping district in the city.
Suites at Orchard
| Development name | Suites at Orchard |
| Property type | Condominium |
| Developer | Allgreen Properties Limited |
| Tenure | 99 year leasehold |
| Completion year | 2015 |
| # of floors | 10 |
| # of units | 118 |
Suites at Orchard is a 99-year leasehold condominium development located at 38 Handy Road, Singapore 229239, in district 09. Expected to be completed in 2015, it stands 10 storeys tall and comprises a total of 118 residential units. Suites at Orchard is located within walking distance to Dhoby Ghaut MRT Station and Bras Basah MRT Station.
Condo Facilities at Suites at Orchard
Suites at Orchard has full condo facilities such as basement car park and swimming pool.
Condo Amenities near Suites at Orchard
The schools in the vicinity include the elite St Margaret’s Primary School, Chatsworth International School and Stamford Primary School.
Suites at Orchard has a host of amenities that are readily available, such as major shopping centres, supermarkets, restaurants and eating establishments, banks, library, cinemas and other entertainment facilities that can be found at Plaza Singapura, The Cathay and Park Mall.