Residential Rental Yields In Singapore Property Market Holding Their Ground, Observes BuyRentSingapore.Com.

Online, July 20, 2012 (Newswire.com) - Singapore's residential rental yield is holding their ground in April. Investors need not worry about the return on their residential investment properties. The market is less likely to take a tumble in the short term.

Singapore real estate market has recently seen some prices of properties in city centre and city fringe region fallen slightly. Data from Urban Redevelopment Authority showed that home prices came down 0.6 per cent for both city centre and city fringe areas in first quarter this year. But sustained rental demand has propped up rental yields in these areas, and with occupancy rate of suburban homes at around 95 per cent, also helping yields to hold firm. Overall, rental yields for private non-landed residential properties is around 4.06 per cent, this is slightly lower than 4.23 per cent in the fourth quarter of 2011.

BuyRentSingapore.Com, a Singapore property listing website, observes that rental yields are expected to hold steady at current levels in the short term. The longer term yields will depend on how the local and global economy is performing. As Singapore is an open economy, if the global economy takes a dive, rental demand from foreign workers will decline and yields will be affected.

Support for rental yields generally come from two main sources. Mid tier foreign professionals relocating to Singapore, generally provide the rental demand for apartments in the range of S$3,000 to S$7,000 per month. While top-end foreign professionals with housing allowance, continues to support the high-end market despite some global economic uncertainty.

Local Singaporean or foreigners looking to invest in Singapore Property should check out http://www.BuyRentSingapore.Com or http://www.BuyRentSingaporeProperty.Com to get an overview of the projects available in Singapore and the latest promotional offers.