Singapore

Rental Yield Calculator

Free Singapore calculator designed to help users make accurate financial decisions using local standards.

By the GlobalCalqulate team, founded by Pavan Kusunuri · About our editorial standards

Property & Purchase Details

Property Type

Different property types have different rental yields, maintenance costs, and buyer profiles.

Purchase Price (SGD)

Total purchase price including stamp duty and legal fees if applicable.

Holding period (years)

How many years you plan to hold the property before selling.

Rental Income

Monthly rental income (SGD)

Expected monthly rent from tenant.

Annual rental income (SGD) – optional

Leave blank to auto-calculate from monthly income x 12. Override if needed.

Vacancy rate (%)

Estimated time the property is unoccupied per year. Typically 3-8% depending on location and demand.

Annual Expenses

Property tax (SGD per year)

Annual property tax based on annual value (AV). For rental properties, owner-occupier tax rates don't apply.

Maintenance / MCST fees (SGD per month)

Monthly condo maintenance fees. HDB has lower monthly fees.

Agent commission (%)

Typically 1-2% of annual rent for tenant renewal or 1 month rent for new tenant.

Annual repairs & maintenance (% of property value)

Budget for repairs and maintenance. Typically 0.5-1% of property value per year.

Property insurance (SGD per year)

Annual fire and home insurance premium.

Mortgage interest (SGD per year)

Annual interest portion of mortgage. Principal repayment is not an expense – only interest.

Marginal income tax rate (%)

Your personal income tax rate. Rental income after expenses is taxed at this rate.

Appreciation & CPF

Expected annual property appreciation (%)

Conservative estimate: 2-4% for Singapore properties. Override with your estimate.

Include CPF OA for mortgage?

If using CPF OA for mortgage payments, factor in CPF interest costs and withdrawal limits.

CPF OA balance (SGD)

Current CPF OA balance available for mortgage payments.

✓ Reviewed and updated for accuracy using current official rates and widely accepted formulas.

Help & FAQs

Frequently Asked Questions

Clear answers to common questions to help you use this calculator confidently.

What is ABSD and how much will I pay?

Tap to view the answer

Additional Buyer's Stamp Duty (ABSD) ranges from 5-20% depending on buyer type (citizen/PR/foreign). It's a one-time tax when purchasing property and is NOT refundable unless you hold a replacement property.

How do I calculate net rental yield?

Tap to view the answer

Net rental yield = (Annual Rent - Expenses) / Total Investment (property + ABSD) × 100%. A 4-6% net yield is considered good in Singapore's property market.

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How to Use This Calculator

Enter property details

Property type, purchase price, and expected holding period.

Set rental income

Monthly rent and vacancy rate (typically 5%).

Add all annual expenses

Property tax, maintenance, agent commission, repairs, insurance, and mortgage interest.

Include appreciation (optional)

Expected annual property price growth for total ROI calculation.

Review yield metrics

See gross yield, net yield, monthly cash flow, and total ROI including appreciation.

Compare different properties

Adjust inputs to compare yields and returns across properties.

Understanding Your Results

Gross Rental Yield
Annual rental income (before expenses) divided by property purchase price. Typically 2.5-4% for Singapore condos, 3-5% for HDB.
Net Rental Yield
Annual rental income minus all expenses (property tax, maintenance, insurance, agent fees, repairs, mortgage interest) divided by property price. This is your true return.
Monthly Cash Flow
Monthly rental income minus all monthly expenses (including mortgage instalment). Positive cash flow means income exceeds expenses.
Total Annual Expenses
Sum of all costs: property tax, MCST fees, agent commission, repairs, insurance, mortgage interest (and income tax on rental income).
Income Tax on Rental Income
Tax payable on net rental income at your marginal tax rate. This reduces your net yield further.
Total ROI (with Appreciation)
Total return including rental income (net yield) plus property appreciation over the holding period. This gives the full picture of investment performance.
CPF Impact (if applicable)
If using CPF, shows the CPF interest that accrues on withdrawals – this is an additional cost to consider.

Key Tips

✓
Gross yield above 4% is considered good in Singapore's property market.
✓
Don't forget property tax – rental properties pay 10% of annual value (non-owner-occupied rate).
✓
Vacancy rate of 5% is a realistic conservative estimate – budget for it.
✓
Use net yield (not gross) to compare properties – expenses vary significantly.
✓
Consider total ROI including appreciation – some properties with lower yields have higher capital gains.
✓
If cash flow is negative, ensure you have sufficient reserves for monthly top-ups.
✓
CPF usage reduces cash outflow but remember CPF interest accrues – treat it as a loan from your future self.
✓
Location matters – properties near MRT, schools, and amenities have lower vacancy rates and better yields.
✓
Regular maintenance (5-10% of annual rent) prevents costly repairs and keeps tenants happy.
✓
Review your property portfolio yearly – yields change with market conditions.

Singapore Rental Yield & Property Investment Guide (2026)

What is gross rental yield?

Gross rental yield = (Annual rental income ÷ Property purchase price) × 100%. This is the most basic metric but ignores expenses. A good gross yield in Singapore is typically 3-5%.

What is net rental yield?

Net rental yield = ((Annual rental income − Annual expenses) ÷ Property purchase price) × 100%. This is a more accurate measure of cash return after all costs.

Typical rental yields in Singapore

HDB flats: 3.5-5% gross yield. Condos: 2.5-4%. Landed: 1.5-2.5%. Location, property age, and market conditions significantly affect yields. Prime districts (9,10,11) often have lower yields but higher appreciation.

Expenses to account for

Property tax (10% of annual value for non-owner-occupied), MCST fees (condos: SGD 300-600/month), agent commission (1-2% of annual rent), repairs (0.5-1% of property value/year), insurance (SGD 300-800/year), and mortgage interest (if applicable).

Taxation of rental income

Rental income is taxable at your marginal income tax rate (up to 22%). You can deduct expenses like mortgage interest, property tax, maintenance, and agent fees. The calculator automatically applies tax to net rental income.

Appreciation vs rental yield

Many Singapore investors accept lower rental yields in exchange for capital appreciation. Total ROI = Net rental yield + Annual appreciation. Over 10 years, 3% appreciation adds 30% to your total return.

Cash flow considerations

Positive cash flow (rent > mortgage + expenses) is ideal but rare in Singapore for new purchases. Many investors top up monthly. The calculator shows your monthly cash flow to help with budgeting.

CPF usage for property investment

Using CPF OA for mortgage payments reduces cash outflow but incurs CPF interest costs (2.5% + accrued interest). This calculator factors in CPF interest as an additional opportunity cost.

Vacancy rate impact

A 5% vacancy rate means the property is empty ~18 days per year. For HDB flats near MRT, vacancy rates can be as low as 2-3%. For older condos, 5-8% is more realistic.

HDB vs condo rental yields

HDB flats generally offer higher gross yields (3.5-5%) than condos (2.5-4%) but may have more restrictions (e.g., MOP, tenant nationality quotas). Condos offer higher capital appreciation potential.

Disclaimer

This calculator provides estimates for educational purposes. Actual rental yields vary based on location, property condition, market conditions, and expenses. Always conduct thorough due diligence and consult a property advisor.

Singapore Rental Yield & Property Investment Guide (2026)

What is gross rental yield?

Gross rental yield = (Annual rental income ÷ Property purchase price) × 100%. This is the most basic metric but ignores expenses. A good gross yield in Singapore is typically 3-5%.

What is net rental yield?

Net rental yield = ((Annual rental income − Annual expenses) ÷ Property purchase price) × 100%. This is a more accurate measure of cash return after all costs.

Typical rental yields in Singapore

Expenses to account for

Taxation of rental income

Appreciation vs rental yield

Cash flow considerations

Positive cash flow (rent > mortgage + expenses) is ideal but rare in Singapore for new purchases. Many investors top up monthly. The calculator shows your monthly cash flow to help with budgeting.

CPF usage for property investment

Using CPF OA for mortgage payments reduces cash outflow but incurs CPF interest costs (2.5% + accrued interest). This calculator factors in CPF interest as an additional opportunity cost.

Vacancy rate impact

A 5% vacancy rate means the property is empty ~18 days per year. For HDB flats near MRT, vacancy rates can be as low as 2-3%. For older condos, 5-8% is more realistic.

HDB vs condo rental yields

HDB flats generally offer higher gross yields (3.5-5%) than condos (2.5-4%) but may have more restrictions (e.g., MOP, tenant nationality quotas). Condos offer higher capital appreciation potential.

Property & Purchase Details

Rental Income

Annual Expenses

Appreciation & CPF

What is ABSD and how much will I pay?

How do I calculate net rental yield?

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Expat Tax Obligation & CPF Calculator

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Property & Purchase Details

Rental Income

Annual Expenses

Appreciation & CPF

How to Use This Calculator

Understanding Your Results

Key Tips

Singapore Rental Yield & Property Investment Guide (2026)

What is gross rental yield?

What is net rental yield?

Typical rental yields in Singapore

Expenses to account for

Taxation of rental income

Appreciation vs rental yield

Cash flow considerations

CPF usage for property investment

Vacancy rate impact

HDB vs condo rental yields

Disclaimer

How to Use This Calculator

Understanding Your Results

Key Tips

Singapore Rental Yield & Property Investment Guide (2026)

What is gross rental yield?

What is net rental yield?

Typical rental yields in Singapore

Expenses to account for

Taxation of rental income

Appreciation vs rental yield

Cash flow considerations

CPF usage for property investment

Vacancy rate impact

HDB vs condo rental yields

Disclaimer