When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. The rental yield is the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. Generally, areas with high demand for rentals, such as those near business districts or educational institutions, tend to offer more attractive rental yields. Doing thorough market research and seeking guidance from real estate agents can provide valuable insights into the rental potential of a specific condo. Therefore, it is crucial for potential investors to carefully assess the rental yield of a condo before making a decision.
A sub-sale of a 3-bedroom unit at One Holland Village Residences has topped the list of private condos that achieved a new psf-price high from February 16 to 21. The unit, measuring at 1,238 sq ft, was sold for $4.68 million, resulting in a record-breaking price of $3,781 psf on February 17. This marks the first sale at the 99-year leasehold development in 2021.The sellers of the 25th-floor unit had previously purchased it directly from the developer in November 2023 for around $4.19 million, or $3,385 psf. Therefore, they gained a profit of about $490,000 from this transaction.The latest sale has surpassed the previous record price at One Holland Village Residences, which was $3,426 psf from the developer’s sale of a 2,088 sq ft, four-bedroom unit for $7.15 million in August 2022.One Holland Village Residences is a 296-unit development along Holland Village Way that was first launched in 2019. The District 10 condo offers a variety of unit types, including one-bedroom units from 484 sq ft to 689 sq ft, two-bedroom units from 689 sq ft to 1,087 sq ft, three-bedroom units from 1,098 sq ft to 1,281 sq ft, four-bedroom units from 2,088 sq ft to 3,358 sq ft, and five-bedroom units from 3,455 sq ft. All units have been fully sold, as reflected in URA caveats. The most expensive unit sold at the development was a 3,455 sq ft, five-bedroom apartment at $11.4 million, which equates to $3,300 psf.A new record was also set at boutique condo Hill House, where a unit measuring 452 sq ft on the ninth floor was sold for $1.538 million, resulting in a record-breaking price of $3,402 psf on February 21. This comes just four days after another unit measuring 452 sq ft on the eighth floor was sold for $1.536 million at $3,398 psf on February 16.Located at the top of Institution Hill, off River Valley Road, Hill House is a 999-year leasehold boutique condo in District 9. It comprises one-bedroom units from 431 sq ft, two-bedroom units from 452 sq ft to 624 sq ft, and three-bedroom apartments of 753 sq ft, adding up to 72 units. Since the start of 2021, nine units have been sold at Hill House at an average price of $3,213 psf. The condo is expected to be completed in 3Q2026.Chuan Park along Lorong Chuan also saw a new psf-price high of $2,785 psf when a unit on the 20th floor was sold for $2.04 million on February 19. This marginally surpasses the previous record of $2,765 psf, achieved in November last year when a unit measuring 743 sq ft was sold at $2.05 million. This development comprises units ranging from studio to five-bedroom apartments between 700 sq ft to 1,841 sq ft. Since its launch in November 2024, a total of 744 units have been sold (81%), with an average price of $2,589 psf. Chuan Park is located near Lorong Chuan MRT Station on the Circle Line and only a short distance away from Nanyang Junior College.No new record lows were recorded during the period in review.