Square Foot Research Singapore

[Login] [Register]

Shoebox Units (Rental Yield)

Can shoebox units in the mass market fetch good yields? Recently completed projects such as Caspian and Optima @ Tanah Merah seem to suggest that shoebox units do indeed get better rental returns than their larger counterparts.

Shoebox Units Rental Yield (Outside of Central)

Note: *Based on transactions and rental contracts in the last 6 months, excludes projects with no transactions in the last 6 months
Source: URA,
District Project Name Unit Size Average
monthly rents*
($)		 No. of
rental
contracts*		 Average
price*
($)		 No. of
transactions*		 Rental
yield
(%)		 Project's
Rental yield
(%)		 Spread
(%)
15 AURALIS 400 to 500 1,863 4 722,000 1 3.1 2.5 +0.6
19 BARTLEY RESIDENCES 400 to 500 1,959 22 718,333 3 3.3 3.0 +0.3
19 CARDIFF RESIDENCE 400 to 500 1,741 13 582,500 2 3.6 3.4 +0.2
19 CASA CAMBIO 400 to 500 1,860 21 684,178 5 3.3 3.0 +0.3
22 CASPIAN 400 to 500 2,050 4 652,500 2 3.8 3.1 +0.7
18 COCO PALMS 400 to 500 1,816 34 642,375 8 3.4 3.1 +0.3
16 EASTWOOD REGENCY 400 to 500 1,525 6 637,500 2 2.9 3.2 -0.3
17 HEDGES PARK CONDOMINIUM 400 to 500 1,711 7 525,000 1 3.9 3.4 +0.5
5 HUNDRED TREES 400 to 500 2,013 4 788,000 1 3.1 2.9 +0.2
19 ISUITES @ PALM 400 to 500 1,567 6 595,000 1 3.2 3.2 -0.0
22 J GATEWAY 400 to 500 2,383 35 886,600 3 3.2 2.9 +0.4
19 JEWEL @ BUANGKOK 400 to 500 1,800 9 682,500 2 3.2 3.0 +0.2
19 KOVAN GRANDEUR 300 to 400 1,600 4 538,000 1 3.6 4.0 -0.5
19 LA FIESTA 400 to 500 1,804 22 647,500 1 3.3 2.9 +0.4
15 LAVERNE'S LOFT 400 to 500 1,625 2 638,000 1 3.1 3.2 -0.2
14 LEVENUE 400 to 500 1,733 6 620,000 1 3.4 3.1 +0.2
19 MIDTOWN RESIDENCES 400 to 500 1,880 5 680,000 1 3.3 2.9 +0.4
18 MY MANHATTAN 400 to 500 2,250 4 670,000 1 4.0 3.2 +0.8
23 [email protected] 400 to 500 1,650 8 630,000 1 3.1 3.0 +0.2
16 OPTIMA @ TANAH MERAH 400 to 500 2,043 7 740,000 1 3.3 3.0 +0.3
19 PARC CENTROS 400 to 500 1,767 34 631,500 6 3.4 3.0 +0.3
15 PARC ELEGANCE 400 to 500 1,663 16 649,000 2 3.1 3.9 -0.8
17 PARC OLYMPIA 400 to 500 1,583 6 565,000 1 3.4 3.1 +0.2
25 PARC ROSEWOOD 400 to 500 1,565 28 526,250 6 3.6 3.4 +0.2
15 PRESTIGE LOFT 300 to 400 1,500 2 530,000 1 3.4 3.3 +0.1
15 PRESTIGE LOFT 400 to 500 1,500 1 612,108 1 2.9 3.3 -0.4
19 PRIMO RESIDENCES 400 to 500 1,625 2 600,000 1 3.3 2.6 +0.6
18 RIPPLE BAY 400 to 500 1,677 15 582,000 2 3.5 3.3 +0.2
28 RIVERBANK @ FERNVALE 400 to 500 1,767 3 591,000 6 3.6 2.9 +0.7
5 SEAHILL 400 to 500 2,205 10 726,900 2 3.6 3.3 +0.4
15 SIGLAP V 400 to 500 1,650 8 630,000 1 3.1 2.9 +0.2
18 STRATUM 400 to 500 1,580 15 585,000 1 3.2 3.6 -0.3
19 SUITES @ KOVAN 300 to 400 1,673 3 550,000 1 3.7 4.6 -0.9
19 SUITES @ PAYA LEBAR 300 to 400 1,557 7 547,500 4 3.4 3.2 +0.2
15 THE COTZ 300 to 400 1,575 4 539,000 2 3.5 3.4 +0.1
15 THE COTZ 400 to 500 1,570 5 580,000 1 3.2 3.4 -0.2
14 THE EBONY 300 to 400 1,693 9 520,000 1 3.9 3.9 -0.0
16 THE GLADES 400 to 500 2,040 15 677,444 2 3.6 3.4 +0.2
17 THE INFLORA 400 to 500 1,591 26 532,988 9 3.6 3.2 +0.3
27 THE NAUTICAL 400 to 500 1,621 7 557,500 2 3.5 3.4 +0.1
20 THE PANORAMA 400 to 500 1,820 5 723,750 4 3.0 2.4 +0.6
19 THE [email protected] 400 to 500 1,614 14 595,000 1 3.3 3.4 -0.1
19 THE SCALA 400 to 500 2,203 15 790,000 1 3.3 3.0 +0.3
19 THE VUE 400 to 500 1,650 5 630,000 3 3.1 3.2 -0.1
14 TROPIKA EAST 400 to 500 1,650 6 650,000 1 3.0 2.7 +0.3
16 URBAN VISTA 400 to 500 1,830 43 600,000 1 3.7 3.2 +0.5
19 [email protected] SERANGOON 400 to 500 1,756 9 613,000 1 3.4 3.0 +0.4

Shoebox Units Rental Yield (Central Region)

Note: *Based on transactions and rental contracts in the last 6 months, excludes projects with no transactions in the last 6 months
Source: URA,
District Project Name Unit Size Average
monthly rents*
($)		 No. of
rental
contracts*		 Average
price*
($)		 No. of
transactions*		 Rental
yield
(%)		 Project's
Rental yield
(%)		 Spread
(%)
11 10 SHELFORD 400 to 500 1,994 8 833,000 1 2.9 2.7 +0.1
15 16 @ AMBER 400 to 500 1,760 5 740,000 1 2.9 2.7 +0.2
15 38 I SUITES 400 to 500 1,913 8 740,000 1 3.1 2.8 +0.3
11 8 BASSEIN 400 to 500 2,040 19 828,000 1 3.0 2.9 +0.1
13 [email protected] 300 to 400 1,908 6 634,500 4 3.6 2.8 +0.8
3 ALEXIS 300 to 400 2,200 20 706,944 2 3.7 3.5 +0.2
9 ASPEN LINQ 400 to 500 2,250 2 828,000 1 3.3 3.3 -0.0
9 ATTITUDE AT KIM YAM 300 to 400 2,114 7 708,750 4 3.6 3.4 +0.2
14 AVANT RESIDENCES 300 to 400 1,775 2 668,900 2 3.2 3.4 -0.2
14 AVANT RESIDENCES 400 to 500 2,087 7 733,771 7 3.4 3.4 +0.0
13 BARTLEY RIDGE 400 to 500 1,948 20 721,000 9 3.2 2.7 +0.5
14 CASA AERATA 400 to 500 1,850 6 592,500 2 3.7 3.6 +0.2
8 CAVAN SUITES 300 to 400 1,794 8 595,000 1 3.6 3.6 -0.0
14 CENTRA HEIGHTS 400 to 500 1,880 15 672,796 3 3.4 3.4 -0.0
14 CENTRA RESIDENCE 300 to 400 1,767 3 585,000 1 3.6 3.7 -0.1
14 CENTRA RESIDENCE 400 to 500 1,945 10 600,000 1 3.9 3.7 +0.2
14 CENTRA SUITES 400 to 500 1,821 14 645,000 1 3.4 3.4 +0.0
12 CITY REGENCY 400 to 500 1,800 1 653,000 1 3.3 3.3 +0.0
3 COMMONWEALTH TOWERS 400 to 500 2,389 113 930,000 2 3.1 2.9 +0.1
15 CORALIS 400 to 500 1,975 6 880,000 1 2.7 2.5 +0.1
14 COSMO 300 to 400 1,738 4 640,000 1 3.3 3.0 +0.3
12 CRADELS 400 to 500 1,950 14 700,444 2 3.3 3.3 +0.0
14 D'WEAVE 400 to 500 1,942 6 660,000 1 3.5 3.1 +0.4
9 DEVONSHIRE 12 400 to 500 2,683 3 970,000 2 3.3 3.2 +0.1
14 EDENZ LOFT 400 to 500 1,676 7 570,000 1 3.5 3.1 +0.4
14 EDENZ SUITES 400 to 500 1,780 5 606,500 2 3.5 3.6 -0.1
12 EIGHT RIVERSUITES 400 to 500 2,085 44 739,778 5 3.4 2.9 +0.4
9 ESPADA 300 to 400 2,487 27 1,006,000 5 3.0 3.0 -0.0
9 ESPADA 400 to 500 2,400 1 1,030,000 1 2.8 3.0 -0.2
15 EVERITT EDGE 400 to 500 1,900 1 615,000 1 3.7 3.0 +0.7
8 FORTE SUITES 400 to 500 2,250 4 800,000 1 3.4 2.8 +0.6
14 GUILLEMARD EDGE 400 to 500 1,787 47 607,500 2 3.5 3.7 -0.2
14 GUILLEMARD SUITES 400 to 500 1,994 8 640,000 1 3.7 3.2 +0.5
15 HAIG 162 300 to 400 1,750 9 548,000 1 3.8 3.6 +0.2
14 IDYLLIC SUITES 400 to 500 1,773 15 620,000 1 3.4 3.3 +0.1
9 ILLUMINAIRE ON DEVONSHIRE 400 to 500 2,578 9 939,000 1 3.3 2.9 +0.3
8 JOOL SUITES 300 to 400 1,888 4 645,000 1 3.5 3.2 +0.3
5 JUBILEE RESIDENCE 400 to 500 2,025 2 690,000 1 3.5 4.6 -1.1
15 JUPITER 18 400 to 500 1,700 2 600,000 2 3.4 3.3 +0.1
14 LA BRISA 400 to 500 1,680 5 700,000 1 2.9 3.1 -0.2
13 LEICESTER SUITES 400 to 500 1,958 6 750,000 1 3.1 3.2 -0.1
11 LINCOLN SUITES 400 to 500 2,486 7 1,170,000 1 2.5 2.6 -0.1
10 LOFT @ NATHAN 300 to 400 2,027 3 715,000 1 3.4 3.0 +0.4
10 LOFT @ NATHAN 400 to 500 2,168 19 915,000 1 2.8 3.0 -0.2
10 [email protected] 300 to 400 2,275 10 823,000 1 3.3 3.7 -0.4
10 [email protected] 400 to 500 2,376 2 895,000 2 3.2 3.7 -0.5
14 MILLAGE 400 to 500 1,894 9 700,000 1 3.2 3.4 -0.1
14 NESS 400 to 500 1,744 9 618,444 2 3.4 3.5 -0.1
13 NIN RESIDENCE 400 to 500 2,040 5 741,500 2 3.3 2.8 +0.5
21 NOTTINGHILL SUITES 300 to 400 1,692 13 638,000 1 3.2 3.2 +0.0
12 OKIO 400 to 500 1,977 11 710,000 1 3.3 3.3 +0.0
15 ONE @ PULASAN 400 to 500 1,650 1 620,000 1 3.2 3.7 -0.5
12 ONE DUSUN RESIDENCES 400 to 500 2,034 16 790,000 3 3.1 2.8 +0.3
12 OPAL SUITES 400 to 500 1,800 1 585,000 1 3.7 3.7 +0.0
5 PARC IMPERIAL 300 to 400 1,978 23 680,000 1 3.5 3.9 -0.4
5 PARC IMPERIAL 400 to 500 2,059 17 700,750 4 3.5 3.9 -0.4
9 PARC SOPHIA 400 to 500 2,218 11 922,500 2 2.9 2.9 +0.0
12 PRESTIGE HEIGHTS 300 to 400 1,711 21 577,500 4 3.6 3.4 +0.2
12 PRESTIGE HEIGHTS 400 to 500 1,800 2 625,000 1 3.5 3.4 +0.1
12 REGENT RESIDENCES 400 to 500 1,929 8 675,333 3 3.4 2.5 +0.9
14 REZI 26 400 to 500 1,777 13 665,000 1 3.2 3.5 -0.3
12 RIVERBAY 300 to 400 1,725 4 605,667 3 3.4 3.2 +0.3
12 RIVIERA 38 400 to 500 1,850 2 650,000 1 3.4 3.0 +0.4
9 ROBERTSON EDGE 400 to 500 2,286 7 910,000 1 3.0 3.4 -0.4
10 ROBIN SUITES 400 to 500 2,417 12 1,200,000 1 2.4 2.4 +0.0
10 RV EDGE 300 to 400 2,200 6 775,000 1 3.4 3.3 +0.1
10 RV EDGE 400 to 500 2,239 14 988,000 1 2.7 3.3 -0.6
10 RV RESIDENCES 400 to 500 2,485 17 1,050,000 1 2.8 2.5 +0.3
14 SILVERSCAPE 400 to 500 1,671 7 570,000 1 3.5 3.2 +0.3
14 SIMS EDGE 400 to 500 1,830 5 672,000 3 3.3 3.3 -0.0
14 SIMS URBAN OASIS 400 to 500 2,086 23 780,000 1 3.2 3.2 -0.0
20 SKY VUE 400 to 500 2,356 9 830,933 3 3.4 3.2 +0.2
12 SKYSUITES17 300 to 400 1,929 11 635,000 1 3.6 3.5 +0.2
2 [email protected] 300 to 400 2,646 38 958,333 3 3.3 3.2 +0.1
2 SPOTTISWOODE 18 300 to 400 2,254 40 870,000 2 3.1 3.1 -0.0
15 SPRING @ LANGSAT 400 to 500 1,817 3 620,000 1 3.5 3.0 +0.5
10 STELLAR RV 400 to 500 2,250 2 868,000 1 3.1 2.8 +0.3
8 SUITES 123 400 to 500 1,960 3 668,000 1 3.5 3.8 -0.3
12 SUITES @ TOPAZ 300 to 400 1,725 2 574,000 2 3.6 3.7 -0.1
21 SUITES AT BUKIT TIMAH 300 to 400 1,750 5 573,333 3 3.7 3.2 +0.5
14 [email protected] 400 to 500 1,613 8 560,888 1 3.4 3.0 +0.5
11 THE AXIS 300 to 400 1,925 4 583,000 1 4.0 3.4 +0.6
21 THE HILLFORD 300 to 400 1,697 32 483,600 13 4.2 4.5 -0.3
12 THE INTERWEAVE 300 to 400 1,815 17 605,000 2 3.6 3.4 +0.2
8 THE URBANITE 400 to 500 1,800 2 770,000 1 2.8 2.8 -0.0
12 THE VERVE 400 to 500 1,800 8 638,500 2 3.4 3.2 +0.2
20 THOMSON V TWO 300 to 400 1,750 3 650,000 1 3.2 3.5 -0.2
20 THOMSON V TWO 400 to 500 1,883 6 715,000 3 3.2 3.5 -0.3
14 TREASURES @ G20 400 to 500 1,650 6 512,500 2 3.9 3.4 +0.5
8 TYRWHITT 139 300 to 400 1,850 2 618,000 1 3.6 2.9 +0.7
1 V ON SHENTON 400 to 500 2,777 24 1,321,333 3 2.5 2.3 +0.2
12 VETRO 400 to 500 1,700 1 585,000 1 3.5 3.3 +0.2
5 VIVA VISTA 300 to 400 1,944 21 642,500 2 3.6 3.6 +0.0
9 VIVACE 400 to 500 2,395 10 848,000 1 3.4 3.4 +0.0
14 WATERBANK AT DAKOTA 400 to 500 2,285 20 825,000 1 3.3 3.2 +0.1
9 WILKIE 80 400 to 500 2,250 6 821,000 1 3.3 3.1 +0.2

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

CONTACT US

For enquiries, drop us an email at This email address is being protected from spambots. You need JavaScript enabled to view it.

For support, contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.

Market Watch

Trends and Analysis

Districts

  • City & Southwest
    1  2  3  4  5  6  7  8
  • Orchard / Tanglin
    9  10
  • Newton / Bukit Timah & Southwest
    11  21
  • Balestier / Macpherson / Geylang
    12  13  14
  • East Coast
    15  16
  • Changi / Pasir Ris
    17  18
  • Serangoon / Thomson / Northeast
    19  20
  • West
    22  23
  • North
    25  26  27  28

Connect

Copyright © 2018 Square Foot Research Singapore. All Rights Reserved. Email: [email protected]