It is necessary to carefully evaluate the potential rental yield when considering investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can differ greatly depending on factors such as location, property condition, and market demand. Prime locations that experience high rental demand, like those near business districts or educational institutions, tend to offer more attractive rental yields. To gain a better understanding of a condo’s rental potential, it is important to conduct thorough market research and seek advice from real estate agents. Singapore Projects, available on sites like https://www.susukinono1.com/, can also provide valuable insights into the rental market for a specific condo. By carefully considering the rental yield, investors can make informed decisions about their condo investment.
and other ECs at our EC directory.
Numerous buyers showed interest in the executive condominiums (ECs) in Tengah. Otto Place, the latest project by Hoi Hup Realty and Sunway Developments, gained attention as 351 out of 600 units (58.5%) were sold during its launch day, according to a statement released by the media at 6.30pm on July 19. The average price per square foot (psf) of units sold under the Normal Payment Scheme (NPS) was $1,700. About 72% of buyers opted for the Deferred Payment Scheme (DPS), which came with a 3% premium over NPS prices. Prices of three-bedroom deluxe units started from $1.41 million ($1,617 psf) [Photo: Hoi Hup/Sunway Developments]The Deferred Payment Scheme (DPS) is popular among buyers as it allows them to purchase a unit first and save up during the construction period. It also helps alleviate the financial burden for HDB upgraders who might have an outstanding loan on their flat,” says Mark Yip, CEO of Huttons Asia. Explore comprehensive data about all ECs, including the average profit at 5 and 10 years. Advertisement Otto Place offers unit sizes ranging from 872 sq ft for three-bedroom deluxe types – priced from $1.41 million ($1,617 psf) – to 1,195 sq ft for four-bedroom plus study luxury types, which attracted $2.18 million ($1,824 psf). Larger units such as three-bedroom luxury and four-bedroom types were especially popular, with over 70% sold. “These were probably purchased by HDB upgraders seeking more space and flexibility,” Yip added. The 504-unit Novo Place EC, launched last November, was fully sold in early July, just eight months later (Photo: Samuel Isaac Chua/EdgeProp Singapore) Follow-up to Novo Place Otto Place is situated in the Plantation District of Tengah – Singapore’s first eco-friendly and car-lite new town. It is within walking distance of two MRT stations – Tengah Park and Bukit Batok West – on the upcoming Jurong Region Line. It is also within 1km of Princess Elizabeth Primary School, one of the three most oversubscribed schools in 2025, and near several other primary and secondary schools. The site is within 2km of Anglo-Chinese School (Primary), which is scheduled to open in 2030. Otto Place’s launch follows the success of Novo Place, a 504-unit EC located next door, also developed by Hoi Hup and Sunway. Launched in November 2024, Novo Place sold 286 units (57%) on launch day at an average price of $1,654 psf. In early July 2025, the final unit at Novo Place was sold, and the project achieved a sell-out status just eight months after its launch. Read also: 11 ECs to be privatised in 2026 – Owners set for jackpot gains. Advertisement “ECs offer compelling value, and the opportunity to own a private home in one of Singapore’s newest residential estates provides homebuyers with a strong long-term upside strategy,” comments Koon Wai Leong, general manager of Hoi Hup Realty. The 10 latest transactions at Novo Place executive condo Source: EdgeProp Buddy Third EC launch in Tengah The first EC in Tengah was launched in October 2022. It was the launch of Copen Grand, a 639-unit development by City Developments Ltd (CDL) and MCL Land. The project sold 73% of units on launch day at an average price of $1,300 psf, with DPS buyers paying a 3% premium. When the e-application for second-timers opened in November 2022, the remaining 146 units were snapped up within a few hours, resulting in Copen Grand being fully sold out within a month. Transacted prices ranged from $1.09 million for a two-bedroom plus study unit to $2.17 million for a five-bedroom premium unit. “Otto Place marks the third EC launch in Tengah since 2022, highlighting the continued popularity of such developments in this emerging estate,” says Marcus Chu, CEO of ERA Singapore. Otto Place is located next door to Novo Place, and it’s also within walking distance of two MRT Stations – Tengah Park and Bukit Batok West (Source: EdgeProp Landlens) Higher quota for second-timers? In an EC launch, 70% of the units are allocated to first-time buyers, while the remaining 30% are allocated to second-time HDB buyers. However, second-timers who were unsuccessful at launch will have another opportunity when e-booking opens on August 19. According to PropNex CEO Kelvin Fong, the 30% quota for second-timers at Otto Place was reached on the first day of launch. He believes ECs will remain “a top favourite” among homebuyers due to their relative affordability compared to new 99-year leasehold private condos in the Outside Central Region (OCR). Read also: Hoi Hup-Sunway JV to preview Otto Place executive condo at prices from $1,588 psf. Advertisement PropNex research shows that in 1H2025, the median transacted unit price for new 99-year leasehold non-landed private homes in the OCR (excluding ECs) was $2,343 psf – 33% higher than the $1,756 psf median for new ECs during the same period, based on caveats lodged. “The government should consider increasing the quota for second-time HDB buyers to 50%, to support the sandwiched class who want to upgrade to an EC,” suggests Huttons’ Yip. Check out the latest listings for Otto Place properties and other ECs at our EC directory.