Fyi. There are good rental yields at D14, but I'm not keen to invest there.
Balestier enjoys good rental yield due to its affordable entry price.
It also enjoys easy access to the CBD and is located in the city fringe while not too far away from Novena.
Tenants in the area may be those working at Tan Tock Seng Hospital and in the healthcare sector.
When looking at rental yield, we are looking at the difference between the cost of purchasing the property (including monthly mortgage, maintenance fee, property tax etc) and the income you receive when renting out your property, Thus, if you are looking for good rental yield, the purchase price will have to be affordable with a rental that more than covers the cost. Some areas in Singapore which can command a good rental yield include Geylang and Balestier. A good rental yield in Singapore would be anything above 5%. You can calculate your rental yield by calculating your annual rent and divide it with your purchase price times 100. For a property that was purchased at $143,000 with an annual rental income of $21,000, your rental yield would be 14.68%.
Hope this answers your question.
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Rental yields these days are the highest at locations that are cheaper and also at, not so desirable locations like D14. There are also other better locations with more than 4% returns. One must know why there are unequal returns in some places.
I do rentals and i can advise you which District might be good for returns on investment and also longer term capital gains.
Please contact me.
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Depending on which part of Balestier, it is actually quite close to Novena MRT for those nearer to Martaban Road, Mandalay Road and etc. Do take note that while rental yield is pretty attractive and units in the location is usually rented out fast, the capital appreciation for properties in the vicinity can be quite tricky.
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