It had the largest decline amongst segments.
This chart from Knight Frank Singapore shows that average gross rental yields for the high-end and mass-market segments declined in Q4 2017 to 2.78% and 3.2% respectively.
The decline was the largest for the high-end market segment, with a 0.1% QoQ drop.
Average gross rental yields for the mid-tier market held steady at 3.1% in the same quarter.
The property price index of all market segments climbed 1.1% YoY in Q4 2017, the highest growth seen since Q4 2013.
Knight Frank residential executive director and head said, “We project that island-wide private home prices will continue its rise in 2018, on the back of stable economic growth and anticipations of further price increases due to past-year record land bid prices. Non-landed prices in the RCR and OCR are poised to edge up as evident in positive sentiment arising from higher interest in the resale market and upcoming project launches in 2018.”
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