Is a rental yield of 3.7% considered good?

A rental yield of about 3.7 percent is generally considered above average for Singapore residential property in the current market.

In recent years, many private condos in Singapore see gross yields in roughly the low 3 percent range, so 3.7 percent is relatively attractive from an income perspective. Whether it is “good” for you also depends on:
- Your financing cost (for example, mortgage interest rate versus the yield)
- Your holding period and expectation of capital gains
- The specific project’s tenant demand, location, age and maintenance costs

Within the Singapore condo context, 3.7 percent would typically be viewed as a decent, competitive yield rather than low.