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
(%)
19 BARTLEY RESIDENCES 400 to 500 1,967 27 695,000 2 3.4 3.1 +0.3
19 BOTANIQUE AT BARTLEY 400 to 500 2,098 44 749,475 8 3.4 3.0 +0.3
19 CARDIFF RESIDENCE 400 to 500 1,733 18 581,000 2 3.6 3.3 +0.3
19 CASA CAMBIO 400 to 500 1,841 34 694,667 3 3.2 3.1 +0.1
18 COCO PALMS 400 to 500 1,825 29 636,500 2 3.4 3.3 +0.2
18 D'NEST 400 to 500 1,797 15 616,667 3 3.5 3.4 +0.1
19 D'ZIRE 400 to 500 1,640 5 565,000 1 3.5 4.0 -0.6
16 EAST VILLAGE 400 to 500 1,740 7 590,000 1 3.5 2.7 +0.9
16 EASTWOOD REGENCY 300 to 400 1,567 3 525,000 1 3.6 3.3 +0.3
16 EASTWOOD REGENCY 400 to 500 1,584 8 640,000 1 3.0 3.3 -0.3
23 FORESQUE RESIDENCES 400 to 500 1,739 9 630,000 1 3.3 2.8 +0.5
17 HEDGES PARK CONDOMINIUM 400 to 500 1,656 9 565,000 1 3.5 3.4 +0.1
15 HERITAGE EAST 400 to 500 1,625 4 615,000 1 3.2 3.4 -0.2
28 HIGH PARK RESIDENCES 400 to 500 1,699 39 592,643 14 3.4 3.3 +0.2
23 HILLION RESIDENCES 400 to 500 1,940 41 720,000 1 3.2 3.1 +0.1
22 J GATEWAY 400 to 500 2,413 34 871,296 3 3.3 3.1 +0.2
19 JEWEL @ BUANGKOK 400 to 500 1,866 19 680,000 1 3.3 2.9 +0.4
19 KINGSFORD WATERBAY 400 to 500 1,733 18 629,333 3 3.3 3.0 +0.3
19 KOVAN GRANDEUR 300 to 400 1,658 6 500,000 1 4.0 4.2 -0.2
19 LA FIESTA 400 to 500 1,842 16 628,000 1 3.5 2.9 +0.7
18 MY MANHATTAN 400 to 500 2,121 7 670,000 1 3.8 3.6 +0.2
23 NATURA@HILLVIEW 400 to 500 1,691 11 575,000 1 3.5 3.0 +0.5
27 NORTH PARK RESIDENCES 400 to 500 1,805 31 690,000 1 3.1 2.6 +0.5
18 NV RESIDENCES 400 to 500 1,775 2 590,000 1 3.6 3.2 +0.4
16 OPTIMA @ TANAH MERAH 400 to 500 2,070 5 698,000 1 3.6 3.1 +0.4
15 PARC BLEU 400 to 500 1,707 7 630,000 1 3.3 3.1 +0.1
19 PARC CENTROS 400 to 500 1,782 22 624,667 3 3.4 3.1 +0.4
15 PARC ELEGANCE 400 to 500 1,713 19 587,500 2 3.5 3.3 +0.2
17 PARC OLYMPIA 400 to 500 1,690 10 530,000 1 3.8 3.5 +0.3
25 PARC ROSEWOOD 400 to 500 1,524 55 521,444 9 3.5 3.3 +0.2
15 PRESTIGE LOFT 300 to 400 1,525 2 500,000 1 3.7 3.6 +0.0
19 PRESTO@UPPER SERANGOON 400 to 500 1,784 7 630,000 2 3.4 3.6 -0.2
19 PRIMO RESIDENCES 400 to 500 1,717 3 590,000 1 3.5 3.1 +0.4
28 RIVERBANK @ FERNVALE 400 to 500 1,788 4 588,000 1 3.6 3.0 +0.7
19 RIVERSOUND RESIDENCE 400 to 500 1,638 4 568,000 1 3.5 3.2 +0.2
5 SEAHILL 400 to 500 2,270 5 725,000 1 3.8 3.3 +0.5
27 SKIES MILTONIA 400 to 500 1,633 12 562,500 2 3.5 3.0 +0.5
15 SUITES @ EASTCOAST 300 to 400 1,604 13 540,000 1 3.6 3.8 -0.3
19 SUITES @ PAYA LEBAR 300 to 400 1,635 13 580,000 1 3.4 3.4 -0.0
19 SUITES @ PAYA LEBAR 400 to 500 1,800 1 590,000 1 3.7 3.4 +0.2
13 SUITES@BRADDELL 300 to 400 1,650 2 530,888 1 3.7 3.3 +0.5
13 SUITES@BRADDELL 400 to 500 1,713 4 570,000 1 3.6 3.3 +0.3
15 THE COTZ 400 to 500 1,600 8 580,000 1 3.3 3.5 -0.2
16 THE GLADES 400 to 500 2,070 33 800,000 1 3.1 3.1 -0.0
17 THE INFLORA 400 to 500 1,629 26 517,000 8 3.8 3.3 +0.5
22 THE LAKEFRONT RESIDENCES 400 to 500 2,133 9 705,000 2 3.6 3.0 +0.6
27 THE NAUTICAL 400 to 500 1,615 10 536,500 2 3.6 3.3 +0.3
20 THE PANORAMA 400 to 500 1,824 24 703,333 3 3.1 2.8 +0.3
18 THE SANTORINI 400 to 500 1,770 4 575,000 1 3.7 3.2 +0.5
19 THE SCALA 400 to 500 2,193 22 743,000 1 3.5 3.1 +0.4
16 URBAN VISTA 400 to 500 1,847 33 591,000 2 3.8 3.1 +0.6
14 VACANZA @ EAST 400 to 500 1,750 7 635,000 1 3.3 2.8 +0.5
15 VIBES @ EAST COAST 300 to 400 1,725 8 585,000 1 3.5 3.0 +0.5
15 VIBES @ EAST COAST 400 to 500 1,682 11 800,000 1 2.5 3.0 -0.5
19 VIBES @ KOVAN 300 to 400 1,625 4 538,888 1 3.6 3.4 +0.2

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 1,989 20 777,000 1 3.1 2.8 +0.3
15 16 @ AMBER 400 to 500 1,825 10 730,000 1 3.0 2.9 +0.1
8 28 RC SUITES 400 to 500 1,950 4 700,000 1 3.3 3.3 +0.1
11 8 BASSEIN 400 to 500 2,051 20 810,000 1 3.0 3.5 -0.4
15 91 MARSHALL 300 to 400 1,700 1 630,000 1 3.2 3.0 +0.2
3 ALEXIS 300 to 400 2,177 26 702,000 1 3.7 3.7 +0.0
13 BARTLEY RIDGE 400 to 500 1,952 26 710,000 4 3.3 2.9 +0.4
14 CENTRA LOFT 400 to 500 1,828 9 598,000 1 3.7 3.4 +0.3
14 CENTRA RESIDENCE 300 to 400 1,750 3 530,000 1 4.0 3.4 +0.6
14 CENTRA RESIDENCE 400 to 500 1,918 11 585,000 1 3.9 3.4 +0.5
12 CRADELS 400 to 500 1,950 18 666,500 2 3.5 3.2 +0.3
9 DEVONSHIRE 12 400 to 500 2,988 4 985,000 1 3.6 3.3 +0.3
7 DUO RESIDENCES 400 to 500 3,263 8 1,060,000 1 3.7 3.2 +0.5
14 EDENZ LOFT 400 to 500 1,712 13 566,667 3 3.6 3.5 +0.2
12 EIGHT RIVERSUITES 400 to 500 2,117 55 707,500 4 3.6 3.3 +0.3
9 ESPADA 300 to 400 2,502 43 955,000 2 3.1 3.3 -0.1
9 ESPADA 400 to 500 2,900 1 1,100,000 1 3.2 3.3 -0.1
14 GUILLEMARD SUITES 400 to 500 2,033 9 580,000 1 4.2 3.3 +0.9
15 HAIG 162 300 to 400 1,753 19 576,400 5 3.6 3.6 +0.1
14 LA FLEUR 400 to 500 1,673 12 680,000 1 3.0 3.6 -0.7
14 LE REGAL 300 to 400 1,573 12 495,000 1 3.8 3.5 +0.3
11 LINCOLN SUITES 400 to 500 2,443 7 1,050,000 1 2.8 2.8 +0.0
10 LOFT @ STEVENS 300 to 400 2,042 6 760,000 2 3.2 2.8 +0.5
10 LOFT@HOLLAND 300 to 400 2,296 14 840,000 1 3.3 3.5 -0.2
9 MACKENZIE 88 400 to 500 2,140 10 744,000 2 3.5 3.2 +0.2
12 NEEM TREE 400 to 500 2,100 3 690,000 1 3.7 2.5 +1.2
14 NESS 400 to 500 1,740 10 560,000 1 3.7 3.4 +0.3
21 NOTTINGHILL SUITES 300 to 400 1,761 19 644,000 2 3.3 3.2 +0.1
12 OKIO 400 to 500 1,985 13 698,800 1 3.4 3.4 +0.1
9 OXLEY EDGE 300 to 400 2,450 1 870,000 1 3.4 3.4 +0.0
5 PARC IMPERIAL 300 to 400 1,987 23 660,000 1 3.6 3.6 +0.0
1 PEOPLE'S PARK COMPLEX 400 to 500 1,681 33 532,500 2 3.8 3.9 -0.1
12 PRESTIGE HEIGHTS 300 to 400 1,756 22 488,000 1 4.3 3.8 +0.5
12 PRESTIGE HEIGHTS 400 to 500 1,861 9 662,500 1 3.4 3.8 -0.5
15 QUESTA @ DUNMAN 400 to 500 1,798 6 684,000 2 3.2 2.7 +0.4
8 RANGOON 88 400 to 500 2,013 4 680,000 1 3.6 3.0 +0.5
12 REGENT RESIDENCES 400 to 500 1,879 12 628,000 1 3.6 2.8 +0.8
12 RIVERBAY 300 to 400 1,686 7 590,000 1 3.4 3.5 -0.0
12 RIVIERA 38 400 to 500 1,933 6 600,000 1 3.9 3.4 +0.4
9 ROBERTSON EDGE 400 to 500 2,419 13 1,000,000 1 2.9 3.1 -0.2
10 ROBIN SUITES 400 to 500 2,435 13 1,150,000 1 2.5 2.4 +0.2
1 ROBINSON SUITES 400 to 500 2,964 14 1,237,500 1 2.9 2.8 +0.0
14 ROYCE RESIDENCES 400 to 500 1,825 2 549,999 1 4.0 4.1 -0.1
10 RV EDGE 300 to 400 2,210 5 762,963 3 3.5 3.5 -0.0
10 RV EDGE 400 to 500 2,382 11 875,000 1 3.3 3.5 -0.2
10 RV RESIDENCES 400 to 500 2,543 20 955,000 2 3.2 2.8 +0.4
14 SIMS EDGE 400 to 500 1,833 6 630,888 1 3.5 2.9 +0.6
14 SIMS URBAN OASIS 400 to 500 2,085 45 736,000 6 3.4 3.0 +0.4
14 SMART SUITES 400 to 500 1,915 10 645,000 1 3.6 3.4 +0.2
2 SPOTTISWOODE 18 300 to 400 2,256 55 850,000 1 3.2 3.1 +0.1
15 SUITES @ GUILLEMARD 300 to 400 1,793 7 625,000 1 3.4 3.1 +0.3
11 SUITES @ NEWTON 400 to 500 2,367 3 900,000 1 3.2 2.8 +0.3
8 SUITES @ OWEN 300 to 400 1,833 3 575,000 1 3.8 3.4 +0.4
11 SUITES @ SHREWSBURY 300 to 400 1,933 6 552,500 2 4.2 3.8 +0.4
15 SUITES@ KATONG 400 to 500 1,900 1 610,000 1 3.7 3.5 +0.2
1 THE CLIFT 400 to 500 3,186 11 1,070,000 1 3.6 3.7 -0.1
21 THE HILLFORD 300 to 400 1,748 41 485,875 8 4.3 4.5 -0.2
12 THE INTERWEAVE 300 to 400 1,775 10 568,000 1 3.8 3.5 +0.3
12 THE INTERWEAVE 400 to 500 1,872 13 640,000 1 3.5 3.5 +0.0
12 THE VERVE 400 to 500 1,850 6 622,500 2 3.6 2.9 +0.6
20 THOMSON THREE 400 to 500 1,915 20 736,000 1 3.1 2.6 +0.6
20 THOMSON V TWO 400 to 500 1,822 9 620,000 1 3.5 3.8 -0.3
14 TREASURES@G19 400 to 500 1,758 6 620,000 1 3.4 3.5 -0.1
12 TREVISTA 400 to 500 2,120 5 660,000 1 3.9 3.0 +0.9
8 URBAN LOFTS 400 to 500 1,875 2 640,000 1 3.5 3.0 +0.5
12 VETRO 400 to 500 1,667 3 585,000 1 3.4 3.2 +0.3
14 VIENTO 400 to 500 1,720 10 570,000 2 3.6 3.7 -0.1
5 VIVA VISTA 300 to 400 1,942 36 578,333 6 4.0 3.8 +0.3
9 VIVACE 300 to 400 2,353 12 803,000 2 3.5 3.3 +0.2
9 WILKIE 80 400 to 500 2,213 8 837,000 1 3.2 3.1 +0.1

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 © 2019 Square Foot Research Singapore. All Rights Reserved. Email: contact@squarefoot.com.sg