I have a unit at Sunny Spring. Is it a good investment?

Investment Potential of The Sunny Spring

Rental Yield:
The current rental yield for The Sunny Spring is approximately 2.91%, which is lower than your target of 5%. This yield has fluctuated over the years, with a highest recorded yield of 3.69% in Q4 2015 and a lowest of 2.51% in Q2 2021.

Appreciation:
Historically, The Sunny Spring has shown decent appreciation. The average price per square foot has increased from $685.50 in 2009-2010 to $1,113.71 currently, representing a gain of about 62%. This indicates that the property has appreciated well over time.

Location and Amenities:
The Sunny Spring is located in Geylang, District 14, which is close to several amenities such as schools (Kong Hwa School, Tanjong Katong Girls' School), shopping centers (Tanjong Katong Complex, City Plaza), and healthcare facilities. It is also within walking distance to Dakota MRT and Paya Lebar MRT, making it convenient for commuters.

Stimulus in the Vicinity:
The area around The Sunny Spring benefits from its proximity to various amenities and public transportation. However, specific large-scale development or infrastructure projects that could significantly boost property values in the immediate vicinity are not prominently mentioned.

Conclusion:

While The Sunny Spring offers a convenient location, decent historical appreciation, and some amenities, its current rental yield is below your target of 5%. If you are looking for a higher rental yield, you might need to consider other properties. However, if long-term appreciation and a stable, convenient location are more important to you, The Sunny Spring could still be a viable investment option.