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Please recommend a project with the highest rental yield within a budget of $1.5 million, having at least 400 units and completed after 2016

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Absolutely, Here are 20 projects completed from 2016 with most rental yield with over 400 units below $1500000 psf.
Project NameTenureCompletionNo. of UnitsAvg PSF*Rental Yield (%)
LE QUEST99 yrs from 29/08/201620205161,6264.28
SEAHILL99 yrs from 26/09/201120164601,5834.26
SKIES MILTONIA99 yrs from 20/02/201220164201,2094.23
KINGSFORD WATERBAY99 yrs from 03/03/201420181,1571,4464.18
THE TAPESTRY99 yrs from 31/07/201720218611,6774.18
WESTWOOD RESIDENCES99 yrs from 14/04/201420174801,3234.17
THE SANTORINI99 yrs from 16/10/201320175971,4014.16
THE ALPS RESIDENCES99 yrs from 03/08/201520196261,4944.16
SYMPHONY SUITES99 yrs from 10/06/201420186601,3044.14
J GATEWAY99 yrs from 28/08/201220167382,0104.14
WHISTLER GRAND99 yrs from 07/05/201820227161,8844.09
URBAN VISTA99 yrs from 05/11/201220165821,5354.09
SIMS URBAN OASIS99 yrs from 29/07/201420171,0241,8494.08
LAKE GRANDE99 yrs from 09/06/201520197101,8174.08
THE CRITERION99 yrs from 25/08/201420185051,2874.07
Parc Riviera99 yrs from 11/11/201520197521,6504.06
HILLION RESIDENCES99 yrs from 04/01/201320175461,7384.04
HIGH PARK RESIDENCES99 yrs from 05/11/201420191,3761,5683.98
THE GLADES99 yrs from 21/01/201320167261,7203.97
THE JOVELL99 yrs from 08/03/201820224281,5293.95

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction