My new HDB rental dropped 12.50%.
My last rental mentioned in this blog. HDB rental yield now 13.52% !
S$3,500 monthly, rental yield 11.83%.
The flat has 73 years lease left, so 73 years x 12 months x S$3,500 ~= S$3.06 million potential passive income. :) Still very good la. The HDB was fully paid in year 2014, no more housing loan and the HDB market valuation had gone up by 82%. Not bad. I shall sell it 20 years later.
This S$3,500 monthly rental is like CPF LIFE monthly payout at age 65 for LIFE.
However, to have such CPF LIFE monthly payout of S$3,500 at age 65, you need to have S$437,500 at CPF Retirement Account (RA) at the age of 55.
Some flyers sent to my HDB unit.
Based on HDB rental caveat, for the past 12 months rental at Toh Guan estate, there were total 64 rental.
Median rental is more accurate than average rental, but it is fun to find out the average rental too.
Median rental: S$3,500.00
Average rental: S$ 3,424.44
My tenant had decided to end the lease 3 months earlier and based on the contract, they have to reimburse the Landlord S$545, being pro-rated commission paid to the lease period from May 1st to July 31st, 2025 (total 3 months) including forfeiture of security deposit (S$4,000).
My agent took almost 1 month to secure the new tenant. The current rental market is weakening.
It is better to secure the rental as early as possible!
We secured 2 years rental tenancy with S$3,500, that's S$84,000 for my 2 years living expenses. :)
My still beautiful 4-room flat at Jurong East. All three bedrooms size are decent, don't you think so?
Extremely large kitchen area.
I have replaced 2x toilet bowls after 16 years of usage.
The S$3,500 HDB rental is able to cover my compulsory first 9 items of living expenses, total: S$2,667. Still have a balance of S$833 to support other living expenses, not bad. :)
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