Historic Queenstown brimming with high-yielding rental gems

Due to proximity to major centres.

The historic estate of Queenstown is a mine of high-yielding residential projects, according to a report by OrangeTee Research.

The report noted that there are six projects in Queenstown which have rental yields above 4%.

These projects include Vista Park, Parc Imperial, Heritage View, One-North Residences, Dover Parkview, and Queens.

All but one of these projects are over a decade old, consistent with OrangeTee’s observation that older projects tend to have higher rental yields.

“Queenstown is enjoying good rental demand due to its ideal location attributes. It is centrally located and a short drive away from Orchard road and the Central Business District (CBD). Queenstown is also home to One North, the main R&D and high technology cluster of Singapore, and the National University of Singapore. The close proximity to major job centres and education clusters have kept rental demand healthy in the area,” said the report.

More From Singapore Business Review

• Here are the credit card deals you shouldn't miss during the Great Singapore Sale 2015
  

• This retired banker's fintech startup makes complicated wealth management a piece of cake
  

• Check out this quaint co-working space that occupies 5 conservation shophouses