Rental yield for non-landed private homes has fallen below four - TopicsExpress



          

Rental yield for non-landed private homes has fallen below four per cent in 2013, according to figures from the Singapore Real Estate Exchange (SRX): Channel NewsAsia The median gross rental yield for non-landed private residential properties dropped from 4.2 per cent to 3.9 per cent last year. SRX said 4 per cent represents a psychological barrier when it comes to rental yields for investors seeking income from residential properties. . Below 4.0 per cent , investors worry that inflation will wipe out their gains. Four locations in the prime areas - Orchard, Tanglin, Sentosa Cove and Newton - saw gross rentals yield below 3 per cent. Analysts attribute this to the high prices of homes in these locations because of their location as well as downward pressure on rents as expatriate allowances shrink or disappear. Meanwhile, Outram, Yishun, Geylang, Tampines and Jurong West registered gross yields above 4.0 per cent.
Posted on: Fri, 17 Jan 2014 08:30:00 +0000

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