When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific condo, conducting thorough market research and consulting with real estate agents can be highly beneficial. Additionally, exploring Singapore Projects can provide valuable insights into the rental market and potentially aid in making an informed investment decision.
In the week of Feb 1 to 7, 8M Residences has topped the list of private condos to hit a new psf-price peak. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit was sold for $1.54 million on Feb 3. The sale marks the first time a unit at 8M Residences was sold for more than $2,300 psf, surpassing the previous peak of $2,261 psf set in April 2023. Another transaction also surpassed the April 2023 record, with a one-bedroom unit sold for $1.2 million ($2,275 psf) on Feb 3.8M Residences has seen a consistent rise in resale prices over the last few years, with the average price increasing by 7.3% from $2,028 psf in February 2022 to $2,177 in February 2025. Completed in 2017, the 20-storey residential tower has a mix of one- to three-bedroom units, as well as four penthouses. It is located close to various amenities such as international schools and MRT stations.Meanwhile, the sale of a three-bedroom unit at Kovan Jewel, a freehold development in District 19, took second place on the list of condos that achieved a psf-price high. The unit on the second floor was sold for $2.41 million ($2,236 psf) on Feb 7, surpassing the previous peak set in August 2024 when a similar unit on the fourth floor was sold for $2.4 million ($2,228 psf). Completed last year, Kovan Jewel has 34 units ranging from one- to four-bedroom units.Oleanas Residence, a freehold condo in District 9, came in third on the list with a unit sold for $2.52 million ($2,207 psf) on Feb 3. The previous peak at the condo was $2,157 psf, set in August 2022. Completed in 1999, the condo has recorded just four resale transactions in the last three years, with prices ranging from $2.4 million ($2,103 psf) for a three-bedroom unit to $3.3 million ($2,129 psf) for a four-bedroom unit. Oleanas Residence is within walking distance of two MRT Stations and various schools in its vicinity.