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Please recommend a project with the highest rental yield within the budget of $1.5 million

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Sure thing, Here are 20 projects with most rental yield below $1500000 psf.
Project NameTenureCompletionNo. of UnitsAvg PSF*Rental Yield (%)
SOHO @ FARRERFreehold2005201,2946.17
THE HILLFORD60 yrs from 19/02/201320162811,4336.08
KOVAN GRANDEUR99 yrs from 10/08/20102011741,1876.06
CENTRA RESIDENCEFreehold2014781,1776.03
PAVILION SQUAREFreehold2018421,5375.86
EIS RESIDENCESFreehold2014161,3425.75
QUBE SUITESFreehold2015211,6565.64
# 1 SUITESFreehold20161121,2605.49
PARC SOMME99 yrs from 06/05/20082012301,4875.47
10 SHELFORDFreehold2014691,3205.26
GRANDVIEW SUITESFreehold2016521,4005.24
STUDIOS@TEMBELINGFreehold2012251,5615.21
THE SORRENTOFreehold20151311,4895.17
LE REGALFreehold2015881,5335.17
THE WOODGROVE99 yrs from 26/06/19961998729395.15
R66 APARTMENTSFreehold2007341,4195.14
28 RC SUITESFreehold2016451,4325.11
RESIDENCES 88Freehold2013281,3255.11
THE VANDERLINTFreehold2013201,6145.08
THE DIAMONDFreehold1997151,1205.06

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