The 3.5% rental yield is calculated based on the current estimated market value of the specific property. For an accurate figure, EdgeProp Singapore uses recent transaction data and fair value estimates to determine the property value as the denominator in the rental yield calculation. If you provide the latest valuation or indicative selling price for the unit at 2 Paya Lebar, that value will be used as the basis for the 3.5% rental yield estimate. You can obtain the most up-to-date property value using EdgeProp's free valuation tools or the Edge Fair Value feature.
Thank you for your query with EdgeProp Buddy. As a reminder, I'm in Beta mode and it's always wise to seek counsel from a real estate professional for these types of matters.