The Balmoral Spring Delivers Solid 2.3-2.4% Rental Yields with Steady Growth Potential
The Balmoral Spring on Balmoral Crescent in District 10 offers investors a gross rental yield of approximately 2.3-2.4%, based on recent transactions and URA data, making it a reliable choice for passive income in Singapore's premium condo market. Capital appreciation has been strong, with recent sales at $2,334-$2,412 psf, up from historical lows, signaling robust growth in Tanglin-Holland. This The Balmoral Spring Investment Analysis: Rental Yield and Growth provides data-driven insights for buyers eyeing property investment in this freehold development.
At Homejourney, we prioritize verified data and transparency to help you make confident decisions in a safe, trusted environment. This cluster article builds on our comprehensive detailed project analysis of The Balmoral Spring, focusing specifically on investment metrics like rental yield and price growth.
Current Rental Yields at The Balmoral Spring
Rental yields at The Balmoral Spring average 2.3-2.4%, calculated from recent 3-bedroom units renting at $5,200-$6,300 monthly for 1,000-1,300 sqft spaces, against purchase prices around $2,350K-$3,165K. For a typical 1,120 sqft unit sold at $2,650K ($2,367 psf), monthly rent of $5,400 equates to about 2.45% gross yield before maintenance and taxes. Yields remain stable due to high demand from expats in D10's diplomatic enclave.
Actionable Tip: Use Homejourney's mortgage calculator to factor in financing costs, which can boost net yields to 3-4% for leveraged investors. Compare with broader D10 averages, where yields hover at 2-2.5% per URA trends.
- 3BR (1,100-1,200 sqft): $5,400 rent, ~$4.50-$4.91 psf, yield 2.4%
- Recent high: $6,300 (Jun 2023), low: $4,500 (2BR, Oct 2023)
- Stable demand from Tanglin's international community supports consistent occupancy.
Historical Price Growth and Capital Appreciation
Condo prices at The Balmoral Spring have appreciated significantly, from $818 psf in 2004 to current $2,373 psf average (last 12 months), representing over 190% growth. Recent 2024-2025 transactions show $2,200-$2,412 psf, with a March 2025 sale at $3,165K ($2,334 psf) for 1,356 sqft. This outperforms D10 benchmarks, driven by freehold tenure and proximity to PIE/CTE expressways.
Future growth catalysts include ongoing Tanglin rejuvenation and limited freehold supply in D10. Investors can expect 4-6% annual appreciation, aligned with URA's long-term forecasts for prime districts. For deeper trends, check our The Balmoral Spring Price Trends & Market Analysis | Homejourney ">The Balmoral Spring Price Trends & Market Analysis.
| Period | Avg PSF | Key Transaction | Growth YoY |
|---|---|---|---|
| 2025 (Mar) | $2,334 | $3,165K (1,356 sqft) | +3% |
| 2024 (Oct) | $2,412 | $2,700K (1,119 sqft) | +5% |
| 2023 | $2,183-$2,367 | $2,700K (1,227 sqft) | +8% |
| 2004 Low | $818 | 1,076 sqft | - |
Rental Demand Drivers in Tanglin D10
District 10's prestige fuels rental demand, with The Balmoral Spring benefiting from walkable access to Cold Storage, Balmoral Plaza (5-min walk), and Farrer Road MRT (10-min drive). Expats from nearby embassies and professionals commuting to CBD (15 mins via PIE) prefer its quiet Balmoral Crescent location. Recent rentals show 95%+ occupancy, per transaction volumes.
Insider Tip: Units facing the pool or low floors rent 10-15% faster due to family appeal. Pair with Homejourney's property search to track live rentals. Demand remains resilient amid Singapore's 3-4% rental growth forecast for 2026.
Investment Evaluation Framework
To assess The Balmoral Spring as a property investment, follow these steps:
- Calculate Yield: (Annual Rent / Purchase Price) x 100. Example: $64,800 rent / $2,650K = 2.45%.
- Project Growth: Factor D10's 5% avg appreciation + freehold premium.
- Risk Check: Review vacancy (low at 5%) and maintenance (~$400/month).
- Financing: Use Homejourney bank rates for 2.5-3% loans.
- Exit Strategy: High liquidity with 27 units total.
*Disclaimer: Yields are gross estimates; consult professionals for net returns. Data from URA via verified sources as of 2026.*
Pros, Cons, and Who Should Invest
- Pros: Freehold tenure (2001 TOP), low quantum (27 units), strong yields vs. D10 peers, excellent accessibility.
- Cons: Smaller scale limits amenities, premium pricing may cap short-term flips.
- Best For: Long-term investors seeking 2.5%+ yields and 5% growth, expat landlords.
Compared to nearby Balmoral projects, it offers better value per psf. For amenities details, see The Balmoral Spring Amenities: Schools, Shopping, Transport | Homejourney ">The Balmoral Spring Amenities guide.
FAQ
What is the current rental yield for The Balmoral Spring?
Gross yields average 2.3-2.4% for 3BR units, based on $5,400 monthly rents against $2,370 psf sales.
Is The Balmoral Spring a good property investment in 2026?
Yes, for steady growth in D10; expect 4-6% appreciation with reliable expat demand.
How does rental demand look at Balmoral Crescent?
Strong, with consistent $4.50-$5.50 psf rents and low vacancies due to Tanglin's appeal.
What are recent condo prices at The Balmoral Spring?
$2,334-$2,412 psf, e.g., $2,700K for 1,119 sqft (Oct 2024).
Where can I find verified listings?
Browse on Homejourney or contact an agent.
Ready to invest? View The Balmoral Spring analysis on Homejourney and secure your future in this prime Singapore condo. Homejourney verifies every detail for your peace of mind.
