Cherryhill Investment Analysis: Rental Yield and Growth
Cherryhill in Lorong Lew Lian, D19, offers investors a gross rental yield of approximately 2.2-2.5%, below Singapore's 2025 average of 3.29% but with strong capital growth potential due to its freehold tenure and Serangoon location. This cluster article dives into Cherryhill investment analysis: rental yield and growth, providing actionable insights for property investment decisions. As part of Homejourney's comprehensive guides, it links back to our main Cherryhill project overview for full details on this Singapore condo.
Cherryhill Project Snapshot for Investors
Cherryhill is a freehold condominium developed by Wing Tai Holdings, completed in 1994 with 104 units across 10 floors at Lorong Lew Lian, District 19 (Serangoon/Hougang).[6] Unit sizes range from 1,582 to 1,800 sqft, typically 3-4 bedroom layouts ideal for families.[2][6] Recent sale prices average S$1,641 psf (S$1.28M - S$1.75M total), with peaks at S$1,699 psf in 2024.[2][6]
For investment, its established status means lower entry risks compared to new launches. Homejourney verifies all data from official URA sources to ensure transparency, helping you make safe decisions in Singapore's regulated market. Rental transactions hit highs of S$6,200/month for 1,800 sqft units in early 2025.[5]
Current Rental Yields at Cherryhill
Cherryhill's gross rental yield stands at 2.2-2.5%, calculated as annual rental income divided by property value. This is modest versus Singapore's 2025 average of 3.29%, where top districts like D2 reach 4.07%.[1][2] For a S$2.6M unit (avg. 1,600 sqft at S$1,641 psf) renting at S$5,000/month, annual gross yield is ~2.3% (S$60,000 / S$2.6M).[1][2]
Factors include D19's family-oriented profile, driving steady but not premium demand. Net yields drop further after 10-15% maintenance, agent fees, and taxes (24% for non-residents).[1] Compare to nearby D19 averages around 3-3.5%, where newer condos outperform.[1] Always use Homejourney's mortgage calculator to factor financing costs.
| Metric | Cherryhill | Singapore Avg (2025) | D19 Estimate |
|---|---|---|---|
| Gross Yield | 2.2-2.5%[2] | 3.29%[1] | 3.0-3.5%[1] |
| Avg Rent (1,800 sqft) | S$6,200[5] | - | - |
| Avg PSF Sale | S$1,641[2] | - | - |
Historical Price Trends and Capital Growth
Cherryhill's condo prices have grown steadily: from S$364 psf low in 2005 to S$1,641 psf average in 2024-2025, a ~350% appreciation over 20 years (~8% CAGR).[2] Recent trends show resilience, with 2024 highs at S$1,699 psf despite market cooling measures.[2] D19's property investment appeal stems from en-bloc potential in mature estates and URA-glz upzoning nearby.
View full trends in Homejourney's detailed Cherryhill analysis or related <Homejourney: Guide to Cherryhill Price Trends and Market Analysis >. Freehold status boosts long-term growth over 99-year leases, with Serangoon's median condo prices up 5-7% YoY per URA data.
Rental Demand Drivers in D19 Serangoon/Hougang
Rental demand at Cherryhill benefits from proximity to NEX Mall (800m walk), Serangoon MRT (CCE/NEX, 10-min walk), and schools like Zhonghua Primary (1km).[6] Expats and locals seek 3-4BR units for families, with bus services along Upper Serangoon Road to CBD (20 mins via PIE/CTE).[1]
Upcoming Circle Line extensions and Hougang revitalization boost liquidity. Insider tip: Units facing green spaces rent 10-15% faster due to low noise from Lorong Lew Lian's residential vibe. Check amenities in our <Cherryhill Amenities: Schools, Shopping, Transport | Homejourney > guide.
Investment Evaluation Framework: 5 Actionable Steps
To assess Cherryhill for property investment, follow these steps verified by Homejourney's data:
- Calculate Yield: Use (Annual Rent / Purchase Price) x 100. Target >3% net after costs.[1]
- Project Growth: Review URA resale index for D19 (aim 4-6% annual).[2]
- Assess Demand: Browse Cherryhill listings on Homejourney for vacancy rates.
- Factor Costs: Add ABSD (60% for foreigners), maintenance (~S$400/month).[1]
- Consult Experts: Speak to a Homejourney agent for personalized advice.
Disclaimer: Yields are estimates; consult professionals for tax/financing. Homejourney prioritizes your safety with verified insights.
Pros, Cons, and Who Should Invest
- Pros: Freehold security, low quantum entry (under S$2M), stable D19 growth, family amenities.[6]
- Cons: Below-average yield (2.2%), older build (1994), competition from new Hougang launches.[2]
Best for long-term holders prioritizing appreciation over cash flow. Compare to <Charlton Residences Investment Returns: Rental Yield Analysis | Homejourney > for similar D19 options. For maintenance post-purchase, see <Aircon Services >.
Future Outlook and Risks
Expect 4-5% annual growth through 2030 from MRT enhancements and population influx in Serangoon.[1] Risks include interest rate hikes impacting yields and oversupply in D19. Homejourney's <Projects Directory > tracks market shifts transparently.
Singapore's stable economy offsets low yields with minimal volatility, per URA.[1][9]
FAQ
What is Cherryhill's rental yield in 2025?
Gross yield is 2.2-2.5%, based on S$5,000-6,200 monthly rents for typical units.[2][5]
Is Cherryhill a good property investment in D19?
Yes for growth-focused investors; freehold and location drive appreciation despite modest yields.[6]
How does Cherryhill compare to Singapore condo averages?
Lower yield (2.5% vs 3.29%) but competitive prices (S$1,641 psf).[1][2]
What drives rental demand at Lorong Lew Lian?
Proximity to Serangoon MRT, NEX, schools; family appeal.[6]
Where to find verified Cherryhill data?
Homejourney's project page and search for listings.
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