Rental Yield Calculator (2026)

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.

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.

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.

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.

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%).