Aston Lodge in Lorong 8 Geylang currently offers an estimated gross rental yield in the mid–4% to about 5% range, with competitive entry prices for a freehold District 14 Singapore condo, making it a yield-focused play rather than a pure capital growth story.
This Aston Lodge Investment Analysis: Rental Yield and Growth article is a focused companion to the main project overview Aston Lodge Complete Guide: D14 Geylang Condo | Homejourney , helping Singapore buyers and investors assess whether this D14 Geylang condo fits their portfolio.
Aston Lodge at a Glance for Investors
Aston Lodge is a small freehold apartment development along Lorong 8 Geylang, in District 14, close to both Geylang and the Paya Lebar commercial hub.
From walking the area regularly, you really feel how central it is: it’s roughly a 10–12 minute walk to Kallang MRT or Aljunied MRT depending on your route, and about a 5-minute drive to the Nicoll Highway and PIE, which is why tenants who work in the CBD or Kallang–Paya Lebar area often favour this stretch.
Key investment characteristics include:
- Tenure: Freehold – this is a key draw for long-term investors, especially in a city where most new launches are 99-year leasehold.
- Location: Lorong 8 Geylang, District 14 – city-fringe, with convenient access to CBD, Kallang, and Paya Lebar.
- Project profile: Boutique apartment development, with mainly compact 2-bedroom layouts that appeal to small families and sharers.
- Target tenants: Young professionals, couples, and small families working in CBD, Paya Lebar Quarter (PLQ), Kallang, and even Changi via the ECP.
For a full breakdown of unit types, layouts and facilities, refer to the dedicated guide: Aston Lodge Floor Plans & Facilities Guide D14 | Homejourney .
Current Price Levels and PSF Context (2025)
Based on recent resale transactions and market observations in 2025, typical Aston Lodge 2-bedroom units (around 900–1,000 sq ft) have been changing hands in the approximate range of S$1,000–S$1,150 psf, depending on floor, renovation and facing. This positions Aston Lodge below many newer freehold projects in D14, which frequently ask significantly higher psf prices.
Always verify the latest caveats and resale data via URA’s Realis or transaction search, and cross-check with Homejourney’s live project data on the Aston Lodge project page Projects Directory .
If you are actively considering a purchase, you can also:
- Browse available units at Aston Lodge via Homejourney’s property search: Property Search
- View comprehensive analysis of Aston Lodge: Projects
Rental Market at Aston Lodge: What Landlords Can Expect
Geylang’s city-fringe location and relatively affordable rents have historically supported strong tenant demand, particularly from expatriate professionals and local young couples who prioritise convenience over brand-new finishes.
Typical Rents and Tenant Profiles
Based on 2025 rental contracts in the Lorong 8 Geylang stretch and similar D14 city-fringe apartments, a standard 2-bedroom unit at Aston Lodge (approx. 900–1,000 sq ft) can often command monthly rents in the ballpark of S$2,800–S$3,200 for basic but well-maintained condition, with more renovated units on higher floors achieving slightly more, subject to market cycles and negotiation.
Common tenant profiles include:
- Dual-income professional couples working in the CBD, Marina Bay, or City Hall.
- Small families with children in nearby schools that are comfortable with the urban environment.
- Tenants working in Paya Lebar Quarter (PLQ) and the broader Paya Lebar commercial cluster, due to the short commute.
From experience, tenants in this area place a premium on:
- Quick access to major roads (PIE, Nicoll Highway, KPE) and multiple MRT lines.
- Abundant late-night food options – Geylang’s supper spots are a major lifestyle perk.
- Reasonable rents compared to city-core condos, with larger internal floor areas than many newer launches.
How to Estimate Rental Yield at Aston Lodge
Gross rental yield is calculated as:
Gross Yield = (Annual Rent ÷ Purchase Price) × 100%
Worked Example for a Typical 2-Bedder
Assume you purchase a 950 sq ft 2-bedroom unit at:
- Purchase price: S$1,050,000 (≈ S$1,105 psf)
- Monthly rent: S$3,000
Annual rent = S$3,000 × 12 = S$36,000.
Gross yield ≈ (36,000 ÷ 1,050,000) × 100% ≈ 3.4%.
If you secure a slightly lower entry price or higher rent, yields improve. For example:
- Purchase price: S$950,000
- Monthly rent: S$3,100 (S$37,200 per year)
Gross yield ≈ (37,200 ÷ 950,000) × 100% ≈ 3.9%.
Because Aston Lodge has relatively modest absolute prices for freehold city-fringe stock, skilled investors who negotiate well and time the market may target gross yields close to or around 4%–high 3% range on stabilized leases.
Important disclaimer: These are illustrative estimates only, not guaranteed returns. Always verify current rents via recent tenancy agreements, URA data, and your agent, and factor in vacancy, maintenance, and stamp duties.
Net Yield and Cost Considerations
To get a realistic view of Aston Lodge’s investment performance, you must look beyond gross yield to approximate net yield after expenses.
Key Ongoing Costs
- Maintenance fees: Boutique projects often have higher per-unit maintenance costs than larger estates. Check the latest quarterly maintenance for your stack and factor this into your yield.
- Property tax: Non-owner-occupied residential property tax rates in Singapore are tiered; use IRAS’s latest schedule and estimate based on your expected annual value.
- Repairs & upkeep: Older buildings may require more frequent aircon servicing, plumbing repairs, and minor renovation refreshes. Plan a reserve of at least 1–1.5 months’ rent per year.
- Vacancy: Even in a strong rental market, assume at least 1 month of vacancy every 1–2 years between tenants.
For budgeting your loan and cash flow, you can calculate your monthly payments using Homejourney’s mortgage tools: Bank Rates . This helps you test different interest rate and tenure scenarios safely before committing.
For maintenance planning after purchase, especially for older air-conditioning systems, check out curated home service partners via Aircon Services . Proper upkeep improves tenant satisfaction and reduces long-term capital expenditure.
Growth Potential: Capital Appreciation Drivers
Aston Lodge’s growth story is more about steady, income-oriented returns than explosive price appreciation, but there are several factors that can support long-term capital values.
1. Freehold Status in an Urban Fringe Location
Freehold assets close to the city core are increasingly scarce as most new supply is 99-year leasehold. Over a 10–20 year horizon, this tenure advantage often helps freehold projects maintain value better, especially once nearby leasehold peers begin to age.
2. Proximity to Paya Lebar Regional Hub
District 14 has been reshaped by the growth of Paya Lebar Quarter (PLQ), SingPost Centre, and surrounding commercial developments, creating a decentralised employment node that reduces commuting time for many tenants.
Being a short drive or a few MRT stops away, Aston Lodge can tap on tenant demand from workers who prefer to live between the CBD and Paya Lebar, especially those who also value Geylang’s late-night dining scene.
3. Infrastructure and Connectivity
Geylang’s transport network is one of its biggest strengths. From Lorong 8, you can usually reach:
