Rental of $7,000 with a yield above 3.5%

To achieve a rental income of $7,000 per month with a rental yield above 3.5% in the Singapore real estate market, you would need to consider properties with a significant value.

Here’s a breakdown of what you might be looking for:

Property Value

Given a rental yield of 3.5%, the annual rental income would be $84,000. To calculate the property value, you can use the formula for rental yield:
[ \text{Rental Yield} = \frac{\text{Annual Rental Income}}{\text{Property Value}} \times 100 ]
Rearranging this formula to find the property value:
[ \text{Property Value} = \frac{\text{Annual Rental Income}}{\text{Rental Yield} / 100} ]
[ \text{Property Value} = \frac{84,000}{3.5 / 100} \approx 2,400,000 ]

Property Types

Properties that could potentially generate such high rental income would likely be larger units or those in prime locations. Here are some possibilities:

- 3- or 4-bedroom apartments: These units, especially in central or highly sought-after areas, could command high rents. For example, a 3-bedroom apartment in a prime district could easily rent for $7,000 per month.
- Larger condominium units: Units with more bedrooms or additional features like penthouses or those with extensive amenities could also meet this criteria.
- Freehold properties: Freehold properties, particularly those in desirable locations, tend to command higher rents due to their scarcity and prestige.

Locations

Prime districts such as District 9, 10, and 11, which include areas like Orchard, River Valley, and Holland, are known for their high rental yields due to their proximity to amenities, schools, and the central business district.

Tools and Resources

To find such properties, you can use EdgeProp Singapore's comprehensive property listings and research tools. The platform offers features like the Fair Value tool to calculate the fair value of a property, market trends trackers, and powerful search filters to help you find properties that meet your specific criteria, including location, amenities, and rental yield expectations.