Which HDB town has the highest 3-room rental yield in Singapore?

Toa Payoh has the highest gross rental yield on a 3-room HDB flat, about 9%, from a median rent of $2,900 against a median resale price of $385,000. Gross yield is annual rent divided by resale price, before maintenance, tax, and vacancy.

What is a good rental yield for a 3-room HDB flat?

Gross rental yields on 3-room HDB flats in Singapore typically run from about 4% in pricey central towns to over 7% in older, more affordable towns. Gross yield is before maintenance, property tax, and vacancy, so the net return is lower.

Can I rent out my 3-room HDB flat for the yield?

Only after meeting the 5-year Minimum Occupation Period and getting HDB approval to sublet the whole flat. Yield figures here assume the whole flat is rented at the town's median rate.

3-Room HDB rental yield by town

26 towns ranked · Gross yield, 3-room · Updated monthly from data.gov.sg

The highest gross rental yield on a 3-room HDB flat is in Toa Payoh and Geylang (around 9%), where resale prices are low relative to rent. The lowest is in Pasir Ris (about 5.5%), where pricier flats hold yields down. Yields are computed across 26 towns with enough recent 3-room rentals.

Towns ranked by 3-room gross rental yield

Yield is annual rent ÷ resale price for a 3-room flat. Only towns with at least 10 recent 3-room rentals are ranked. Tap a town for rent across every flat type.

#	Town	Median rent /mo	Median resale	Gross yield
1	Toa Payoh	$2,900	$385,000	9%
2	Geylang	$2,800	$375,000	9%
3	Bukit Merah	$3,000	$430,000	8.4%
4	Clementi	$3,000	$430,000	8.4%
5	Jurong East	$2,800	$410,000	8.2%
6	Jurong West	$2,700	$400,000	8.1%
7	Queenstown	$3,000	$450,000	8%
8	Kallang/Whampoa	$3,000	$450,888	8%
9	Bedok	$2,800	$420,000	8%
10	Bukit Batok	$2,700	$415,000	7.8%
11	Ang Mo Kio	$2,800	$433,000	7.8%
12	Marine Parade	$3,000	$470,000	7.7%
13	Bukit Timah	$3,100	$491,500	7.6%
14	Yishun	$2,700	$434,000	7.5%
15	Serangoon	$2,800	$468,000	7.2%
16	Woodlands	$2,500	$421,888	7.1%
17	Hougang	$2,700	$455,000	7.1%
18	Central Area	$3,200	$548,000	7%
19	Tampines	$2,850	$492,888	6.9%
20	Bukit Panjang	$2,600	$465,000	6.7%
21	Bishan	$3,000	$536,500	6.7%
22	Choa Chu Kang	$2,600	$470,000	6.6%
23	Sembawang	$2,800	$520,000	6.5%
24	Sengkang	$2,850	$545,000	6.3%
25	Punggol	$2,850	$548,000	6.2%
26	Pasir Ris	$2,800	$605,944	5.5%

Gross yield is annual rent before maintenance, tax, and vacancy, so net return is lower. High yield often means a cheaper, older flat with a shorter lease. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval.

Source: HDB Renting Out of Flats and Resale Flat Prices, data.gov.sg (Singapore Open Data Licence). Cite as: CheckHowMuch, "3-Room HDB Rental Yield by Town (2026)", https://checkhowmuch.sg/rent/yield/3-room/.

Cheapest towns to rent → 4-room yield ranking → Rent by town →

How 3-room HDB rental yield differs across towns

Gross rental yield is the clearest way to compare HDB towns as an income asset: it divides a year of rent by the resale price. On a 3-room flat, Toa Payoh leads at about 9%, while Pasir Ris sits near 5.5%. Yields run highest where resale prices are low relative to rent, which usually means older flats in non-central towns with shorter remaining leases. Central, mature towns rent for more in absolute terms but their high purchase prices pull yields down. The typical 3-room rent across towns is about $2,800 per month ($2,600–$3,000 across the middle half of leases). All figures come from Singapore's data.gov.sg open data and are updated monthly.