Median HDB resale prices in Yishun
Compared to Q1 2017, median resale prices have seen on average a $10,000 decrease from 3 & 4-room flats. 5-rooms however show an increase, likely due to more families needing to upgrade to bigger homes.
While possessing a matured estates features, Yishun is still considered more affordable than Tampines, Bedok or Ang Mo Kio.
Median HDB rentals in Tampines
Rental has largely remained constant since Q1 2017. While the rental quantum here are median, distance to amenities and Yishun or Khatib MRT stations will play a large role in the actual cost per month.
However, rental costs remain relatively affordable given the convenience and accessibility of the location.
Private property new sales
Median private property prices have stayed consistent from Q1 2017 to Q2 2018. Surprisingly, it saw a decline in Q2 2018 despite the proliferation of new launches island-wide which brought with it the increase of prices.
Source: URA, PropertyGuru
Yishun’s price-range however presents an attractive alternative for families to take advantage of. As a well-developed district with many amenities and two MRT station in the district, Yishun is a great place to live.
Private property rental yield
The rental yield for Yishun has, through each quarter since Q1 2017, alternated consistently. The gap closes a little more each time with Q1 and Q2 2018 representing the narrowest in difference.
Source: URA, PropertyGuru
The Guru View
Ultimately, with more projects and improvements, the rental yield will see some slight increase. At this point however, that it maintains at around 2.4% is a good thing because landlords can still benefit but importantly, people who need to rent don’t have to worry about astronomical prices.
With that said, it is important to note that 2018 in lieu of the ABSD revisions, there may be a boost in the rental market. Higher demand can result in a price increase.
Can you afford a property in Yishun? Check your affordability now. Alternately, refer to our handy buying guides.
