When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield is the yearly rental income as a percentage of the property’s buying price. In Singapore, rental yields for condos can fluctuate significantly depending on factors such as location, property condition, and market demand. High-demand areas, such as those near business districts or educational institutions, typically offer more attractive rental yields. It is essential to conduct thorough market research and seek advice from real estate agents to gain valuable insights into the rental potential of a specific condo. To find the best opportunities in the Singapore condo market, check out Singapore Projects.
A rare opportunity to own a 99-year leasehold semi-detached house in the sought-after Kew Vale estate is coming up at SRI’s next auction on March 15. The spacious three-storey property, with a guide price of $3.65 million, sits on a 3,034 sq ft corner plot on Kew Heights in District 16. This translates to a land rate of $1,203 psf, making it one of the most attractively priced properties in the area.The property, which is being sold by a mortgagee, will be offered with vacant possession, making it an ideal opportunity for both home buyers and investors alike. It boasts a generous floor area of 4,436 sq ft over three floors, providing ample space for extended and multi-generational families. The ground level features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen and a helper’s room, while the upper two levels consist of six bedrooms, a family area and a storeroom.Additionally, the property includes a car porch and a backyard area. According to Mok Sze Sze, managing partner of auctions and sales at SRI, buyers may even have the opportunity to convert some of the open spaces into additional bedrooms, further increasing its value and potential.Standing out as a property with one of the lowest land rates in the area, the guide price of $1,203 psf presents a great opportunity for savvy buyers to get their hands on a sought-after piece of real estate. According to URA caveats, the property last changed hands in November 2021 for $3.19 million ($1,051 psf).Over the past year, two other 99-year leasehold properties in the Kew Vale estate have been sold. In February, a three-storey semi-detached house along Kew Heights was sold for $3.35 million, reflecting a land rate of $1,398 psf. In January, a three-storey terraced house along Kew Drive was sold for $3.26 million ($1,417 psf).Prices for 99-year leasehold properties in the Kew Vale estate have been on the rise in recent years, with an average land rate of $1,213 psf recorded across seven transactions between 2023 and 2024. This is a significant increase from the average land rate of $1,002 psf for seven transactions between 2021 and 2022.The property is conveniently located near major motorways such as the East Coast Parkway (ECP) via Bayshore Road, and is set to benefit from the upcoming Bedok South MRT Station along the Thompson-East Coast Line, due to open in the second half of 2026. Families with children will also appreciate the numerous reputable schools in the area, such as Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary. Don’t miss this rare opportunity to own a spacious and well-priced 99-year leasehold semi-detached house in the desirable Kew Vale estate.