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 (%) |
---|---|---|---|---|---|---|---|---|---|
17 | AVILA GARDENS | 400 to 500 | 1,400 | 1 | 480,000 | 1 | 3.5 | 2.6 | +0.9 |
19 | BARTLEY RESIDENCES | 400 to 500 | 2,003 | 20 | 690,000 | 1 | 3.5 | 3.3 | +0.2 |
19 | BOTANIQUE AT BARTLEY | 400 to 500 | 2,113 | 42 | 754,475 | 8 | 3.4 | 3.0 | +0.3 |
19 | CARDIFF RESIDENCE | 400 to 500 | 1,734 | 17 | 580,000 | 3 | 3.6 | 3.3 | +0.3 |
19 | CASA CAMBIO | 400 to 500 | 1,857 | 27 | 741,000 | 2 | 3.0 | 3.1 | -0.1 |
18 | COCO PALMS | 400 to 500 | 1,841 | 20 | 627,500 | 2 | 3.5 | 3.2 | +0.3 |
18 | D'NEST | 400 to 500 | 1,793 | 14 | 620,000 | 3 | 3.5 | 3.4 | +0.0 |
15 | HERITAGE EAST | 400 to 500 | 1,660 | 5 | 615,000 | 1 | 3.2 | 3.1 | +0.1 |
28 | HIGH PARK RESIDENCES | 300 to 400 | 1,508 | 20 | 502,143 | 7 | 3.6 | 3.3 | +0.3 |
28 | HIGH PARK RESIDENCES | 400 to 500 | 1,705 | 45 | 596,563 | 16 | 3.4 | 3.3 | +0.1 |
23 | HILLION RESIDENCES | 400 to 500 | 1,952 | 29 | 720,000 | 1 | 3.3 | 3.2 | +0.1 |
19 | ISUITES @ PALM | 400 to 500 | 1,690 | 5 | 575,000 | 1 | 3.5 | 3.0 | +0.6 |
22 | J GATEWAY | 400 to 500 | 2,445 | 23 | 874,944 | 2 | 3.4 | 3.0 | +0.3 |
19 | JEWEL @ BUANGKOK | 400 to 500 | 1,841 | 17 | 680,000 | 1 | 3.2 | 3.0 | +0.3 |
19 | KINGSFORD WATERBAY | 400 to 500 | 1,750 | 7 | 629,000 | 4 | 3.3 | 3.0 | +0.4 |
19 | KOVAN GRANDEUR | 300 to 400 | 1,750 | 2 | 487,500 | 2 | 4.3 | 3.7 | +0.6 |
19 | MIDTOWN RESIDENCES | 400 to 500 | 1,786 | 7 | 705,000 | 1 | 3.0 | 2.8 | +0.2 |
18 | MY MANHATTAN | 400 to 500 | 2,110 | 5 | 670,000 | 1 | 3.8 | 3.6 | +0.2 |
23 | NATURA@HILLVIEW | 400 to 500 | 1,750 | 5 | 596,500 | 2 | 3.5 | 2.9 | +0.7 |
27 | NORTH PARK RESIDENCES | 400 to 500 | 1,900 | 15 | 690,000 | 1 | 3.3 | 2.7 | +0.6 |
18 | NV RESIDENCES | 400 to 500 | 1,725 | 2 | 590,000 | 1 | 3.5 | 3.4 | +0.1 |
16 | OPTIMA @ TANAH MERAH | 400 to 500 | 2,038 | 4 | 698,000 | 1 | 3.5 | 3.1 | +0.4 |
15 | PARC BLEU | 400 to 500 | 1,738 | 4 | 647,500 | 2 | 3.2 | 3.2 | +0.0 |
19 | PARC CENTROS | 400 to 500 | 1,790 | 21 | 615,000 | 2 | 3.5 | 3.1 | +0.4 |
15 | PARC ELEGANCE | 400 to 500 | 1,729 | 14 | 585,000 | 1 | 3.5 | 3.4 | +0.2 |
17 | PARC OLYMPIA | 400 to 500 | 1,650 | 8 | 530,000 | 1 | 3.7 | 3.5 | +0.3 |
25 | PARC ROSEWOOD | 400 to 500 | 1,534 | 30 | 518,000 | 6 | 3.6 | 3.4 | +0.1 |
15 | PRESTIGE LOFT | 300 to 400 | 1,500 | 1 | 500,000 | 1 | 3.6 | 3.7 | -0.1 |
19 | PRIMO RESIDENCES | 400 to 500 | 1,717 | 3 | 590,000 | 1 | 3.5 | 3.1 | +0.4 |
18 | RIPPLE BAY | 400 to 500 | 1,695 | 14 | 590,000 | 1 | 3.4 | 3.2 | +0.2 |
19 | RIVERSOUND RESIDENCE | 400 to 500 | 1,625 | 4 | 585,000 | 1 | 3.3 | 3.3 | +0.1 |
5 | SEAHILL | 400 to 500 | 2,213 | 4 | 725,000 | 1 | 3.7 | 3.3 | +0.4 |
27 | SKIES MILTONIA | 400 to 500 | 1,619 | 8 | 565,000 | 3 | 3.4 | 3.2 | +0.2 |
15 | SUITES @ EASTCOAST | 300 to 400 | 1,604 | 12 | 540,000 | 1 | 3.6 | 3.8 | -0.2 |
13 | SUITES@BRADDELL | 300 to 400 | 1,650 | 3 | 530,888 | 1 | 3.7 | 3.4 | +0.3 |
13 | SUITES@BRADDELL | 400 to 500 | 1,690 | 5 | 570,000 | 1 | 3.6 | 3.4 | +0.2 |
15 | THE COTZ | 400 to 500 | 1,590 | 5 | 593,000 | 1 | 3.2 | 3.3 | -0.0 |
17 | THE INFLORA | 400 to 500 | 1,639 | 27 | 519,714 | 7 | 3.8 | 3.2 | +0.6 |
22 | THE LAKEFRONT RESIDENCES | 400 to 500 | 2,158 | 6 | 712,000 | 3 | 3.6 | 3.1 | +0.6 |
19 | THE LUXURIE | 400 to 500 | 1,763 | 8 | 649,000 | 2 | 3.3 | 3.0 | +0.3 |
27 | THE NAUTICAL | 400 to 500 | 1,570 | 5 | 538,000 | 1 | 3.5 | 3.1 | +0.4 |
20 | THE PANORAMA | 400 to 500 | 1,833 | 15 | 695,400 | 5 | 3.2 | 2.7 | +0.4 |
18 | THE SANTORINI | 400 to 500 | 1,675 | 2 | 575,000 | 1 | 3.5 | 3.1 | +0.4 |
19 | THE SCALA | 400 to 500 | 2,208 | 12 | 757,667 | 3 | 3.5 | 3.1 | +0.4 |
19 | THE TEMBUSU | 400 to 500 | 1,918 | 22 | 848,000 | 1 | 2.7 | 2.4 | +0.4 |
19 | THE VUE | 400 to 500 | 1,671 | 7 | 680,000 | 1 | 2.9 | 3.3 | -0.4 |
16 | URBAN VISTA | 400 to 500 | 1,845 | 36 | 609,000 | 2 | 3.6 | 3.1 | +0.5 |
15 | VIBES @ EAST COAST | 300 to 400 | 1,800 | 4 | 585,000 | 1 | 3.7 | 2.8 | +0.9 |
15 | VIBES @ EAST COAST | 400 to 500 | 1,664 | 7 | 800,000 | 1 | 2.5 | 2.8 | -0.3 |
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 | 2,003 | 11 | 777,000 | 1 | 3.1 | 2.8 | +0.3 |
15 | 16 @ AMBER | 400 to 500 | 1,814 | 7 | 730,000 | 1 | 3.0 | 2.8 | +0.2 |
15 | 38 I SUITES | 400 to 500 | 1,894 | 8 | 768,000 | 1 | 3.0 | 3.0 | +0.0 |
11 | 8 BASSEIN | 400 to 500 | 2,054 | 18 | 810,000 | 1 | 3.0 | 3.4 | -0.4 |
9 | 8 SAINT THOMAS | 400 to 500 | 3,400 | 2 | 1,480,000 | 2 | 2.8 | 2.6 | +0.2 |
15 | 91 MARSHALL | 300 to 400 | 1,700 | 1 | 630,000 | 1 | 3.2 | 2.8 | +0.4 |
3 | ALEXIS | 300 to 400 | 2,171 | 21 | 702,000 | 1 | 3.7 | 3.4 | +0.4 |
13 | BARTLEY RIDGE | 400 to 500 | 1,975 | 22 | 722,500 | 4 | 3.3 | 2.8 | +0.4 |
14 | CENTRA HEIGHTS | 400 to 500 | 1,884 | 8 | 718,000 | 1 | 3.1 | 3.2 | -0.0 |
14 | CENTRA LOFT | 400 to 500 | 1,893 | 7 | 598,000 | 1 | 3.8 | 4.1 | -0.3 |
14 | CENTRA RESIDENCE | 300 to 400 | 1,950 | 1 | 530,000 | 1 | 4.4 | 3.5 | +0.9 |
12 | CRADELS | 400 to 500 | 1,959 | 9 | 658,000 | 1 | 3.6 | 3.6 | +0.0 |
9 | DEVONSHIRE 12 | 400 to 500 | 2,863 | 4 | 985,000 | 1 | 3.5 | 3.4 | +0.1 |
11 | DUNEARN SUITES | 400 to 500 | 2,063 | 4 | 735,000 | 1 | 3.4 | 3.0 | +0.4 |
3 | ECHELON | 400 to 500 | 2,645 | 11 | 1,023,000 | 1 | 3.1 | 3.2 | -0.1 |
14 | EDENZ LOFT | 400 to 500 | 1,711 | 9 | 575,000 | 1 | 3.6 | 3.3 | +0.3 |
14 | EDENZ SUITES | 400 to 500 | 1,675 | 2 | 568,500 | 1 | 3.5 | 4.0 | -0.5 |
12 | EIGHT RIVERSUITES | 400 to 500 | 2,122 | 45 | 716,667 | 3 | 3.6 | 3.3 | +0.2 |
9 | ESPADA | 300 to 400 | 2,504 | 39 | 930,000 | 1 | 3.2 | 3.3 | -0.1 |
9 | ESPADA | 400 to 500 | 2,750 | 2 | 1,100,000 | 1 | 3.0 | 3.3 | -0.3 |
14 | GUILLEMARD SUITES | 400 to 500 | 1,991 | 11 | 580,000 | 1 | 4.1 | 3.4 | +0.7 |
15 | HAIG 162 | 300 to 400 | 1,730 | 15 | 590,000 | 3 | 3.5 | 3.5 | +0.0 |
21 | KAP RESIDENCES | 400 to 500 | 2,067 | 6 | 823,000 | 1 | 3.0 | 2.6 | +0.5 |
14 | LA FLEUR | 400 to 500 | 1,659 | 11 | 680,000 | 1 | 2.9 | 3.6 | -0.6 |
11 | LINCOLN SUITES | 400 to 500 | 2,550 | 10 | 1,050,000 | 1 | 2.9 | 3.0 | -0.1 |
10 | LOFT @ NATHAN | 400 to 500 | 2,185 | 20 | 820,000 | 1 | 3.2 | 2.9 | +0.3 |
10 | LOFT @ STEVENS | 300 to 400 | 1,990 | 5 | 760,000 | 1 | 3.1 | 2.8 | +0.3 |
9 | MACKENZIE 88 | 400 to 500 | 2,106 | 9 | 738,000 | 1 | 3.4 | 3.3 | +0.1 |
12 | NEEM TREE | 400 to 500 | 2,017 | 3 | 690,000 | 1 | 3.5 | 2.6 | +0.9 |
12 | OKIO | 400 to 500 | 2,075 | 10 | 698,800 | 1 | 3.6 | 3.4 | +0.2 |
12 | ONE DUSUN RESIDENCES | 400 to 500 | 2,081 | 21 | 800,000 | 1 | 3.1 | 3.0 | +0.1 |
12 | OPAL SUITES | 400 to 500 | 1,850 | 2 | 595,000 | 1 | 3.7 | 4.0 | -0.2 |
5 | PARC IMPERIAL | 300 to 400 | 2,017 | 18 | 660,000 | 1 | 3.7 | 3.9 | -0.2 |
5 | PARC IMPERIAL | 400 to 500 | 2,012 | 20 | 685,000 | 1 | 3.5 | 3.9 | -0.3 |
8 | PARC SOMME | 300 to 400 | 1,850 | 2 | 580,000 | 1 | 3.8 | 3.3 | +0.5 |
1 | PEOPLE'S PARK COMPLEX | 400 to 500 | 1,710 | 26 | 513,700 | 4 | 4.0 | 3.8 | +0.2 |
12 | PRESTIGE HEIGHTS | 300 to 400 | 1,732 | 19 | 504,000 | 2 | 4.1 | 3.8 | +0.3 |
12 | PRESTIGE HEIGHTS | 400 to 500 | 1,817 | 3 | 662,500 | 1 | 3.3 | 3.8 | -0.5 |
15 | QUESTA @ DUNMAN | 400 to 500 | 1,800 | 2 | 684,000 | 2 | 3.2 | 2.7 | +0.4 |
12 | REGENT RESIDENCES | 400 to 500 | 1,894 | 9 | 633,000 | 2 | 3.6 | 2.8 | +0.8 |
12 | RIVIERA 38 | 400 to 500 | 1,850 | 3 | 600,000 | 1 | 3.7 | 3.6 | +0.1 |
9 | ROBERTSON EDGE | 400 to 500 | 2,412 | 13 | 1,000,000 | 1 | 2.9 | 3.0 | -0.1 |
10 | ROBIN SUITES | 400 to 500 | 2,417 | 9 | 1,150,000 | 1 | 2.5 | 2.4 | +0.2 |
1 | ROBINSON SUITES | 400 to 500 | 2,816 | 16 | 1,237,500 | 1 | 2.7 | 2.8 | -0.1 |
14 | ROYCE RESIDENCES | 400 to 500 | 1,700 | 2 | 530,000 | 1 | 3.8 | 4.1 | -0.3 |
10 | RV EDGE | 300 to 400 | 2,217 | 6 | 765,000 | 1 | 3.5 | 3.8 | -0.3 |
14 | SIMS EDGE | 400 to 500 | 1,900 | 7 | 630,888 | 1 | 3.6 | 3.1 | +0.5 |
14 | SIMS URBAN OASIS | 400 to 500 | 2,138 | 34 | 740,167 | 6 | 3.5 | 3.1 | +0.4 |
13 | SKY GREEN | 400 to 500 | 1,990 | 10 | 750,000 | 1 | 3.2 | 2.9 | +0.3 |
12 | SKYSUITES17 | 300 to 400 | 1,885 | 13 | 633,000 | 1 | 3.6 | 3.5 | +0.1 |
2 | SKYSUITES@ANSON | 300 to 400 | 2,822 | 45 | 960,000 | 1 | 3.5 | 3.5 | +0.1 |
14 | SMART SUITES | 400 to 500 | 2,007 | 7 | 645,000 | 1 | 3.7 | 3.2 | +0.5 |
2 | SPOTTISWOODE 18 | 300 to 400 | 2,255 | 41 | 834,000 | 2 | 3.2 | 3.2 | +0.1 |
11 | SUITES @ NEWTON | 400 to 500 | 2,400 | 2 | 900,000 | 1 | 3.2 | 2.7 | +0.5 |
8 | SUITES @ OWEN | 300 to 400 | 1,850 | 2 | 571,500 | 2 | 3.9 | 3.3 | +0.6 |
11 | SUITES @ SHREWSBURY | 300 to 400 | 2,000 | 2 | 550,000 | 1 | 4.4 | 3.6 | +0.8 |
14 | SUITES @ SIMS | 300 to 400 | 1,725 | 8 | 550,000 | 1 | 3.8 | 3.7 | +0.1 |
12 | SUITES @ TOPAZ | 300 to 400 | 1,675 | 4 | 566,000 | 1 | 3.6 | 3.2 | +0.4 |
15 | SUITES@ KATONG | 400 to 500 | 1,900 | 1 | 610,000 | 1 | 3.7 | 3.7 | +0.0 |
14 | SUITES@CHANGI | 400 to 500 | 1,588 | 8 | 525,000 | 1 | 3.6 | 3.3 | +0.3 |
21 | THE CREEK @ BUKIT | 400 to 500 | 1,931 | 13 | 700,000 | 1 | 3.3 | 3.0 | +0.3 |
10 | THE FORD @ HOLLAND | 400 to 500 | 2,525 | 4 | 880,000 | 1 | 3.4 | 2.7 | +0.7 |
4 | THE FORESTA @ MOUNT FABER | 400 to 500 | 2,460 | 15 | 848,000 | 1 | 3.5 | 3.2 | +0.3 |
21 | THE HILLFORD | 300 to 400 | 1,746 | 36 | 485,333 | 6 | 4.3 | 4.7 | -0.3 |
12 | THE INTERWEAVE | 300 to 400 | 1,782 | 14 | 568,000 | 1 | 3.8 | 3.6 | +0.2 |
12 | THE INTERWEAVE | 400 to 500 | 1,867 | 12 | 640,000 | 1 | 3.5 | 3.6 | -0.1 |
12 | THE VERVE | 400 to 500 | 1,825 | 2 | 639,000 | 2 | 3.4 | 2.8 | +0.6 |
14 | THE WATER EDGE | 400 to 500 | 1,857 | 7 | 650,000 | 1 | 3.4 | 3.2 | +0.3 |
20 | THOMSON THREE | 400 to 500 | 1,912 | 17 | 795,000 | 1 | 2.9 | 2.7 | +0.2 |
20 | THOMSON V TWO | 400 to 500 | 1,883 | 6 | 550,000 | 2 | 4.1 | 4.2 | -0.1 |
14 | TREASURES@G19 | 400 to 500 | 1,742 | 6 | 652,500 | 2 | 3.2 | 3.4 | -0.2 |
12 | TREVISTA | 400 to 500 | 2,175 | 2 | 660,000 | 1 | 4.0 | 2.9 | +1.0 |
8 | URBAN LOFTS | 400 to 500 | 1,850 | 1 | 640,000 | 1 | 3.5 | 3.1 | +0.4 |
12 | VETRO | 400 to 500 | 1,700 | 1 | 585,000 | 1 | 3.5 | 3.3 | +0.2 |
14 | VIENTO | 400 to 500 | 1,711 | 9 | 568,333 | 3 | 3.6 | 3.7 | -0.1 |
5 | VIVA VISTA | 300 to 400 | 1,959 | 32 | 583,750 | 4 | 4.0 | 3.8 | +0.2 |
9 | VIVACE | 300 to 400 | 2,385 | 11 | 803,000 | 2 | 3.6 | 3.3 | +0.3 |
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