According to data captured on URA's system, there were 26 condominiums/apartments that were transacted from $550,000 and below in District 14 from January to November 2020. Of this, 20 are located in Geylang.
While its location near to the red light district may deter investors, the low entry price means the average rental yield in Geylang is around 5% on average. A good rental yield in Singapore would be anything above 5%.
As for good tenancy, District 14 is close enough to the city yet not too far away. URA's data showed that there were 4,277 rental contracts from January to September 2020. Of this, 1,470 are 1-bedroom condominiums/apartments that are rented out at an average monthly rent of $1,968.16
You can calculate your rental yield by calculating your annual rent and divide it with your purchase price times 100.
Assuming you had bought a 1-bedroom condominium/apartment for $550,000 and rented it out for $1,968.16, your rental yield would be 4.29%. ($1,968.16 x 12/$550,000 x 100)
Hope this answers your question.
Team PropertyGuru Read More
Mark, your RIGHT choice
Propnex Read More
firstname.lastname@example.org Read More
I have a 1 bedroom freehold unit which is walking distance to the MRT. Transacted rental is about 1.7k to 1.8k which makes quite decent rental yields.
Please feel free to contact me so that I can share with you more information about the unit.
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
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Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)
I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyo Read More
I would be glad to assist you.
Feel free to contact me @ 97100155
Pei ERA Read More