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 [email protected] COAST 400 to 500 2,000 1 680,000 1 3.5 2.7 +0.8
19 BARTLEY RESIDENCES 400 to 500 1,971 37 689,000 2 3.4 3.3 +0.2
19 BOTANIQUE AT BARTLEY 400 to 500 2,139 19 722,000 1 3.6 3.2 +0.3
19 CARDIFF RESIDENCE 400 to 500 1,750 19 558,500 2 3.8 3.5 +0.3
19 CASA CAMBIO 400 to 500 1,865 39 735,000 1 3.0 3.2 -0.2
18 COCO PALMS 400 to 500 1,833 34 645,000 3 3.4 3.2 +0.2
23 FORESQUE RESIDENCES 400 to 500 1,734 8 615,000 1 3.4 2.9 +0.5
17 HEDGES PARK CONDOMINIUM 400 to 500 1,690 10 539,629 3 3.8 3.7 +0.0
15 HERITAGE EAST 400 to 500 1,550 1 620,000 1 3.0 3.4 -0.4
28 HIGH PARK RESIDENCES 400 to 500 1,737 28 616,667 3 3.4 3.6 -0.2
23 HILLION RESIDENCES 400 to 500 1,932 47 700,000 1 3.3 3.1 +0.2
5 HUNDRED TREES 400 to 500 2,100 2 745,000 1 3.4 2.9 +0.5
19 JEWEL @ BUANGKOK 400 to 500 1,854 12 680,000 1 3.3 2.9 +0.3
19 KINGSFORD WATERBAY 400 to 500 1,743 26 590,000 3 3.5 3.3 +0.2
19 KOVAN GRANDEUR 300 to 400 1,644 8 515,000 2 3.8 3.8 -0.0
19 LA FIESTA 400 to 500 1,828 24 648,333 3 3.4 2.8 +0.6
15 LA VIDA @ 130 400 to 500 1,740 10 595,000 1 3.5 3.5 -0.0
23 LE QUEST 400 to 500 1,924 37 758,000 1 3.0 3.4 -0.4
14 LEVENUE 400 to 500 1,908 6 639,400 2 3.6 3.5 +0.0
23 [email protected] 400 to 500 1,680 17 581,500 2 3.5 3.1 +0.4
17 OCEAN FRONT SUITES 300 to 400 1,625 4 535,000 1 3.6 3.5 +0.2
19 PARC CENTROS 400 to 500 1,838 26 630,500 1 3.5 3.4 +0.1
15 PARC ELEGANCE 400 to 500 1,698 13 590,000 2 3.5 3.9 -0.4
5 PARC RIVIERA 400 to 500 2,057 23 700,000 2 3.5 3.1 +0.4
25 PARC ROSEWOOD 400 to 500 1,537 41 507,984 7 3.6 3.4 +0.2
19 PARK RESIDENCES KOVAN 300 to 400 1,709 11 600,000 1 3.4 3.4 -0.0
19 [email protected] SERANGOON 400 to 500 1,728 5 600,000 1 3.5 3.2 +0.3
14 RESIDENCES 88 400 to 500 1,600 1 560,000 1 3.4 2.4 +1.0
18 RIPPLE BAY 400 to 500 1,660 15 560,000 2 3.6 3.3 +0.2
28 RIVERBANK @ FERNVALE 400 to 500 1,725 4 594,000 2 3.5 3.1 +0.4
27 SKIES MILTONIA 400 to 500 1,620 10 545,000 1 3.6 3.2 +0.3
18 STRATUM 400 to 500 1,587 15 570,000 1 3.3 3.7 -0.4
19 SUITES @ PAYA LEBAR 300 to 400 1,662 17 510,000 1 3.9 3.7 +0.2
13 [email protected] 300 to 400 1,733 3 550,000 1 3.8 3.3 +0.5
14 THE EBONY 300 to 400 1,721 7 523,000 2 3.9 4.1 -0.1
16 THE GLADES 400 to 500 2,058 28 677,500 2 3.6 3.4 +0.2
17 THE INFLORA 400 to 500 1,664 25 520,667 6 3.8 3.6 +0.2
22 THE LAKEFRONT RESIDENCES 400 to 500 2,132 11 705,000 1 3.6 3.1 +0.5
20 THE PANORAMA 400 to 500 1,825 18 680,667 6 3.2 2.8 +0.4
19 THE [email protected] 400 to 500 1,689 22 579,143 7 3.5 3.3 +0.2
18 THE SANTORINI 400 to 500 1,833 4 582,000 3 3.8 3.1 +0.7
19 THE SCALA 400 to 500 2,200 20 720,000 1 3.7 3.2 +0.5
19 THE TEMBUSU 400 to 500 1,977 18 788,400 2 3.0 2.7 +0.4
19 THE VUE 400 to 500 1,679 7 615,000 1 3.3 2.9 +0.4
14 TROPIKA EAST 400 to 500 1,671 12 625,000 1 3.2 2.9 +0.3
19 URBAN RESIDENCES 400 to 500 1,883 3 670,000 1 3.4 3.1 +0.3
14 VACANZA @ EAST 400 to 500 1,719 8 647,500 2 3.2 2.9 +0.3
15 VIBES @ EAST COAST 300 to 400 1,712 13 570,000 1 3.6 3.6 -0.0
15 VIBES @ EAST COAST 400 to 500 1,682 11 585,000 1 3.4 3.6 -0.2
19 VIBES @ KOVAN 300 to 400 1,617 3 530,000 1 3.7 3.8 -0.2
19 VIBES @ KOVAN 400 to 500 1,833 3 600,000 1 3.7 3.8 -0.1

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
(%)
14 28 IMPERIAL RESIDENCES 400 to 500 1,760 5 610,000 2 3.5 3.4 +0.1
15 38 I SUITES 400 to 500 1,900 10 740,888 1 3.1 2.8 +0.3
13 [email protected] 300 to 400 1,780 5 635,000 1 3.4 3.1 +0.3
3 ALEXIS 300 to 400 2,094 24 710,000 1 3.5 3.0 +0.5
9 ATTITUDE AT KIM YAM 300 to 400 2,170 5 720,000 1 3.6 3.9 -0.3
13 BARTLEY RIDGE 400 to 500 1,964 28 709,333 3 3.3 3.0 +0.3
15 BELLA CASITA 400 to 500 1,900 4 560,000 1 4.1 3.2 +0.9
14 CASA AERATA 400 to 500 1,745 10 658,000 1 3.2 3.4 -0.2
14 CENTRA HEIGHTS 400 to 500 1,935 12 660,000 1 3.5 3.6 -0.1
14 CENTRA LOFT 400 to 500 1,844 8 660,000 1 3.4 3.3 +0.0
14 CENTRA RESIDENCE 400 to 500 1,869 8 568,000 1 3.9 3.8 +0.1
14 CENTRA SUITES 400 to 500 1,817 21 630,000 1 3.5 3.5 -0.0
12 CITY REGENCY 400 to 500 1,813 4 635,000 1 3.4 3.3 +0.1
3 COMMONWEALTH TOWERS 400 to 500 2,355 131 841,600 10 3.4 3.2 +0.2
14 COSMO 300 to 400 1,850 1 595,000 1 3.7 3.3 +0.4
12 CRADELS 400 to 500 1,938 26 681,444 2 3.4 3.4 +0.1
14 D'WEAVE 400 to 500 1,844 8 660,000 1 3.4 3.1 +0.2
2 DORSETT RESIDENCES 400 to 500 3,047 6 942,500 2 3.9 3.5 +0.4
12 EIGHT RIVERSUITES 400 to 500 2,110 49 729,000 2 3.5 3.2 +0.3
9 ESPADA 300 to 400 2,386 29 980,000 1 2.9 3.1 -0.2
15 EVERITT EDGE 400 to 500 1,775 4 628,000 1 3.4 3.3 +0.1
12 GEM RESIDENCES 400 to 500 2,181 27 860,000 1 3.0 3.1 -0.0
14 GRANDVIEW SUITES 300 to 400 1,580 5 484,000 2 3.9 3.4 +0.5
14 GUILLEMARD EDGE 400 to 500 1,778 41 644,000 2 3.3 3.5 -0.2
15 HAIG 162 300 to 400 1,762 13 578,888 1 3.7 3.5 +0.2
14 IDYLLIC SUITES 400 to 500 1,724 11 545,000 1 3.8 3.5 +0.3
9 ILLUMINAIRE ON DEVONSHIRE 400 to 500 2,650 4 940,000 1 3.4 3.1 +0.3
15 ISUITES @ MARSHALL 300 to 400 1,850 4 620,000 1 3.6 3.1 +0.5
14 LA FLEUR 400 to 500 1,697 15 510,000 2 4.0 3.7 +0.3
14 LE REGAL 300 to 400 1,610 15 491,900 2 3.9 4.2 -0.3
10 LOFT @ NATHAN 400 to 500 2,135 13 830,000 1 3.1 2.7 +0.4
10 LOFT @ STEVENS 400 to 500 2,400 1 860,000 1 3.3 2.4 +0.9
10 [email protected] 400 to 500 2,338 4 808,591 1 3.5 4.0 -0.6
14 MELOSA 400 to 500 1,738 4 550,000 1 3.8 3.5 +0.3
9 MOUNT SOPHIA SUITES 300 to 400 2,250 2 788,000 1 3.4 2.7 +0.7
11 MULBERRY TREE 400 to 500 2,050 1 771,250 2 3.2 2.8 +0.4
21 NOTTINGHILL SUITES 300 to 400 1,729 15 620,000 2 3.3 3.1 +0.2
12 OKIO 400 to 500 1,961 14 710,000 1 3.3 3.0 +0.3
15 ONE @ PULASAN 400 to 500 1,600 1 590,000 1 3.3 2.7 +0.5
9 PARC SOPHIA 400 to 500 2,319 8 802,500 2 3.5 3.0 +0.5
1 PEOPLE'S PARK COMPLEX 400 to 500 1,643 22 468,000 1 4.2 3.7 +0.5
12 PRESTIGE HEIGHTS 300 to 400 1,701 23 570,000 1 3.6 3.7 -0.1
12 PRESTIGE HEIGHTS 400 to 500 1,939 9 540,000 1 4.3 3.7 +0.6
15 QUESTA @ DUNMAN 400 to 500 1,867 6 683,000 1 3.3 2.7 +0.6
14 REZI 26 400 to 500 1,806 16 590,000 4 3.7 3.6 +0.1
14 REZI 3TWO 400 to 500 1,824 14 670,888 1 3.3 3.3 +0.0
12 RIVERBAY 300 to 400 1,686 7 570,000 2 3.5 3.8 -0.3
14 ROYCE RESIDENCES 400 to 500 1,683 3 536,000 1 3.8 4.2 -0.5
14 SIMS URBAN OASIS 400 to 500 2,117 45 712,089 10 3.6 3.1 +0.4
13 SKY GREEN 400 to 500 1,983 21 700,000 1 3.4 3.1 +0.3
20 SKY VUE 400 to 500 2,318 19 810,000 1 3.4 2.9 +0.5
2 [email protected] 300 to 400 2,540 54 880,000 2 3.5 3.4 +0.0
2 SPOTTISWOODE 18 300 to 400 2,204 60 802,000 3 3.3 3.5 -0.2
2 SPOTTISWOODE SUITES 400 to 500 2,529 18 1,105,000 1 2.7 2.8 -0.1
15 SPRING @ LANGSAT 400 to 500 1,700 1 596,000 1 3.4 3.1 +0.3
10 STELLAR RV 400 to 500 2,100 1 857,000 1 2.9 2.8 +0.2
15 [email protected] 400 to 500 2,500 1 730,000 1 4.1 3.0 +1.1
8 SUITES 123 400 to 500 1,980 5 638,888 1 3.7 3.9 -0.2
11 SUITES @ NEWTON 400 to 500 2,188 4 950,000 1 2.8 2.7 +0.1
11 SUITES @ SHREWSBURY 300 to 400 1,900 3 595,000 1 3.8 3.7 +0.1
21 SUITES AT BUKIT TIMAH 300 to 400 1,731 8 600,000 1 3.5 3.2 +0.3
14 [email protected] 400 to 500 1,657 12 530,000 1 3.8 3.4 +0.3
21 THE HILLFORD 300 to 400 1,717 35 474,125 8 4.3 4.9 -0.5
12 THE INTERWEAVE 400 to 500 1,948 8 644,000 2 3.6 3.8 -0.1
5 THE MAYLEA 400 to 500 2,250 1 795,000 1 3.4 2.7 +0.7
14 THE OCTET 400 to 500 1,811 9 545,000 1 4.0 3.7 +0.3
13 THE POIZ RESIDENCES 400 to 500 2,200 35 724,000 2 3.6 3.3 +0.3
14 THE WATER EDGE 400 to 500 1,850 10 686,000 1 3.2 4.0 -0.7
20 THOMSON THREE 400 to 500 1,923 13 782,500 2 2.9 2.7 +0.3
14 TREASURES @ G20 400 to 500 1,575 10 500,000 1 3.8 3.3 +0.4
12 TREVISTA 400 to 500 1,963 4 605,000 1 3.9 2.9 +1.0
14 VIENTO 400 to 500 1,755 11 562,667 3 3.7 3.7 +0.0
5 VIVA VISTA 300 to 400 1,945 30 616,000 1 3.8 3.8 -0.0
9 VIVACE 300 to 400 2,167 6 760,000 1 3.4 3.2 +0.2
14 WATERBANK AT DAKOTA 400 to 500 2,356 17 824,000 2 3.4 3.1 +0.3

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 © 2020 Square Foot Research Singapore. All Rights Reserved. Email: [email protected]