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What is the highest rental yield area
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When looking for areas with the highest rental yields in Singapore, here are some key points to consider:
Central Singapore
In the central regions, particularly in districts like the Downtown Core, River Valley, and Bukit Timah, several properties stand out for their high rental yields. For example:
- Lumiere, located in the Downtown Core, offers a rental yield of 5.0% with an average rent of S$6.0 per square foot. Its proximity to Tanjong Pagar MRT station and various amenities makes it attractive to tenants.
- Skysuites@Anson, also in the Downtown Core, has a rental yield of 3.8% and an average rent of S$7.2 per square foot. It is close to Tanjong Pagar MRT station and offers a range of facilities.
HDB Flats
HDB flats, especially in certain city fringe and mature suburban areas, often provide higher rental yields compared to private condos.
- Geylang area, for instance, has HDB blocks like Block 24 Balam Road, which offers a rental yield of 10.1%. This is due to its proximity to MacPherson MRT station and various amenities.
- Woodlands and Toa Payoh also have high-yielding HDB blocks, such as Block 437 Woodlands Street 41 with a yield of 9.3%, and Block 228 Lorong 8 Toa Payoh, which is close to the Toa Payoh Industrial Park.
Other Areas
Other areas with notable rental yields include:
- Parc Imperial, a freehold condo near Haw Par Villa MRT, which has a high yield due to its small and low-quantum units. This area is appealing for those who prefer a lower-density environment.
- Dorsett Residences, located just above Outram MRT, offers a rental yield of 4.9%, making it another attractive option for investors.
These areas and properties are known for their high rental yields, largely due to their strategic locations, amenities, and demand from tenants.
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