Rental Yield Calculator (2026)
Calculate gross and net rental yield on your Singapore investment property.
What is Rental Yield?
Rental yield measures the annual return on a property investment as a percentage of its purchase price. Gross yield uses total rental income, while net yield deducts expenses like property tax, maintenance, and vacancy costs. In Singapore, typical residential gross yields range from 2% to 4%.
Include maintenance fees, property tax, insurance, and repairs.
Result updates as you type
Gross Rental Yield
3.50%
Annual rent $42,000.00 on $1,200,000.00 property
Net Yield
2.70%
Net Monthly
$2,700.00
Annual Net
$32,400.00
Annual expenses: $9,600.00
A gross yield above 3% is generally considered decent for Singapore property investments.
Disclaimer
This calculator provides estimates and should not be viewed as a prediction. Actual stamp duty, grant amounts, loan eligibility, and monthly payments may vary due to changing interest rates, policy changes, and individual eligibility. It is not intended to be your sole source of financial guidance.
Rates last verified: 4 Apr 2026.
Verify with HDB (https://www.hdb.gov.sg). Full disclaimer at smartcalculator.sg/disclaimer.
Quick Reference
- • Typical HDB resale gross yield: 3.0%–4.0%
- • Typical condo (OCR) gross yield: 2.8%–3.5%
- • Typical condo (CCR) gross yield: 2.0%–2.8%
- • HDB MOP of 5 years must be completed before renting out the entire flat
- • Rental income is taxable under personal income tax (0%–24% marginal rate)
Who This Calculator Is For
Whether you own an HDB flat or private condo, understanding your gross and net yield helps you evaluate investment returns and compare properties.
HDB Resale Flat Investors
HDB resale flats typically offer the highest gross yields in Singapore (3–4%) due to lower entry prices relative to rent.
- •Typical gross yield: 3.0%–4.0% (higher in mature estates)
- •MOP required: 5 years before renting out entire flat
- •Bedroom rental allowed: during MOP (with HDB approval)
- •Property tax: based on Annual Value set by IRAS
Private Condo Investors
Private condos in OCR and RCR offer moderate yields. CCR luxury properties often have lower yields due to high purchase prices.
- •OCR condo yield: 2.8%–3.5% gross
- •CCR condo yield: 2.0%–2.8% gross
- •ABSD applicable: 20% for SC buying 2nd property
- •Key expenses: maintenance fees, sinking fund, property tax
Net Yield Analysts
Investors comparing net yield need to account for property tax, maintenance, vacancy, and agent fees to accurately assess return on investment.
- •Vacancy allowance: 1–2 months/year is standard
- •Agent commission: 1 month rent per year (typical)
- •Property tax: 10%–20% of Annual Value for non-owner-occupied
- •Net vs gross gap: typically 1%–1.5% lower than gross
How Rental Yield Is Calculated
Gross rental yield is the simplest measure: divide your annual rental income by the property purchase price, then multiply by 100%. For example, a property bought at $1,000,000 renting for $3,500/month has a gross yield of 4.2%.
Net rental yield gives a more realistic picture by deducting annual expenses from the rental income before dividing by the purchase price. Common expenses include property tax, maintenance fees, agent commission, and vacancy allowance.
In Singapore, typical residential yields range from 2% to 4% gross. Properties in the Outside Central Region (OCR) tend to offer higher yields than those in the Core Central Region (CCR) due to lower price points relative to rent.
Gross Yield Formula
Simple ratio of rental income to property cost
Net Yield Formula
Accounts for property tax, maintenance, vacancy, and fees
Typical Singapore Yields
Rental Yields by Property Type
Yields vary widely by property type and location. HDB flats typically offer the highest yields; CCR luxury condos the lowest.
| Property Type | Typical Price | Typical Rent | Gross Yield | Net Yield (est.) |
|---|---|---|---|---|
| HDB 4-room (mature estate) | $600k–$800k | $2,500–$3,500/mo | 3.5%–4.0% | 2.5%–3.0% |
| HDB 4-room (non-mature) | $400k–$550k | $2,000–$2,800/mo | 3.8%–4.5% | 2.8%–3.5% |
| Condo (OCR) | $1.2M–$1.8M | $3,500–$5,000/mo | 2.8%–3.5% | 1.8%–2.5% |
| Condo (RCR) | $1.5M–$2.5M | $4,000–$6,000/mo | 2.5%–3.0% | 1.5%–2.0% |
| Condo (CCR) | $2.5M–$5M+ | $5,000–$10,000/mo | 2.0%–2.8% | 1.2%–1.8% |
Frequently Asked Questions
What is a good rental yield in Singapore?expand_more
Typical gross rental yields in Singapore range from 2% to 4% for residential properties. HDB flats tend to have higher yields (3-4%) due to lower purchase prices, while condos average 2.5-3.5%. Yields above 4% are considered excellent. However, net yields after expenses are typically 1-2% lower than gross yields.
What is the difference between gross and net rental yield?expand_more
Gross rental yield is calculated as (Annual Rental Income / Property Purchase Price) x 100%. Net rental yield deducts expenses such as property tax, maintenance fees, property management fees, insurance, and vacancy costs from the rental income before calculating the yield. Net yield gives a more accurate picture of actual returns.
What expenses should I include in net rental yield?expand_more
Key expenses to include are: property tax (based on Annual Value), monthly maintenance/condo fees, property agent commission (typically 1 month rent per year), minor repairs and maintenance, property insurance, and vacancy allowance (typically 1-2 months per year). Mortgage interest is sometimes excluded as it varies by buyer.
Can HDB owners rent out their flat?expand_more
HDB owners can rent out their entire flat after completing the Minimum Occupation Period (MOP) of 5 years. During MOP, you can only rent out spare bedrooms (up to the number of bedrooms minus one). Non-citizen owners must obtain approval from HDB. There is a minimum rental period of 6 months for the whole flat.
How is rental income taxed in Singapore?expand_more
Rental income is taxable under personal income tax. You can deduct allowable expenses such as property tax, fire insurance, maintenance fees, interest on loans used to purchase the property, and cost of repairs. The net rental income is added to your other income and taxed at your marginal tax rate (0% to 24%).
Sources
- • HDB — Renting out your HDB flat and MOP rules (hdb.gov.sg)
- • IRAS — Tax treatment of rental income and allowable deductions (iras.gov.sg)
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