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What is the rental yield for walk-up apartments?
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The median rental yield for walk-up apartments (also known as shophouses or low-rise residential units without elevators) in Singapore typically ranges from 3% to 4.5% gross per annum, based on EdgeProp.sg market data analysis.
This yield varies by location, unit condition, and tenant demand. For instance:
- In mature estates like those in Districts 1-10 (central areas), yields often hit 3.5%-4.5% due to higher rental rates from expatriates and professionals.
- In suburban areas (e.g., Districts 16-19), expect 3%-4%, influenced by lower purchase prices offsetting moderate rents.
- In mature estates like those in Districts 1-10 (central areas), yields often hit 3.5%-4.5% due to higher rental rates from expatriates and professionals.
- In suburban areas (e.g., Districts 16-19), expect 3%-4%, influenced by lower purchase prices offsetting moderate rents.
Key factors affecting yields include:
- Purchase price per sq ft: Lower entry costs in older walk-ups boost yields compared to new condos.
- Rental psf: Averages S$3.50-S$5.50 monthly for 3-4 room units, per recent URA data tracked on EdgeProp.sg.
- Maintenance costs: Higher for walk-ups due to age, reducing net yields to around 2.5%-3.5%.
- Purchase price per sq ft: Lower entry costs in older walk-ups boost yields compared to new condos.
- Rental psf: Averages S$3.50-S$5.50 monthly for 3-4 room units, per recent URA data tracked on EdgeProp.sg.
- Maintenance costs: Higher for walk-ups due to age, reducing net yields to around 2.5%-3.5%.
For precise figures on specific walk-up projects, check EdgeProp.sg's rental trends and transaction tools, as yields fluctuate with market conditions like those seen in 2025-2026.
Thank you for your query with EdgeProp Buddy. It's always wise to seek counsel from a real estate professional for these types of matters.