Eastpac Building Investment: Rental Yield & Growth Analysis | Homejourney
Eastpac Building on Balestier Road offers investors a gross rental yield of approximately 3.6-4.0%, making it a solid choice for property investment in Singapore's D12 with steady growth potential driven by its freehold tenure and prime location.[2][3][4]
This cluster article dives deep into the rental yield and capital appreciation outlook for Eastpac Building, connecting back to our comprehensive Eastpac Building D12 guide. At Homejourney, we prioritize verified data and transparency to help you make safe, confident decisions in the Singapore condo market.
Eastpac Building Overview for Investors
Located at 586 Balestier Road in District 12 (Balestier/Toa Payoh), Eastpac Building is a freehold walk-up apartment completed in 1983 with just 7 units.[3][9] Its small size ensures low density and privacy, appealing to tenants seeking a quiet yet accessible home near Novena MRT.
Freehold status provides long-term ownership security, a key factor for Eastpac Building investment analysis: rental yield and growth. Units range from 1-bedroom to larger layouts, with recent sale prices starting from S$2.25M at S$1,135 psf.[3] For detailed floor plans and facilities, see our related article: Eastpac Building Floor Plans & Facilities: D12 Guide | Homejourney .
Current Rental Yields at Eastpac Building
The estimated gross rental yield for Eastpac Building stands at 3.63% to 4.0%, competitive for D12 freehold properties.[2][4] This is calculated from recent transacted rents and sale prices, where smaller units command steady demand from professionals working in nearby Novena medical hub.
In Q2 2025, Singapore private residential rents rose 0.8% quarter-on-quarter, with OCR areas like D12 showing resilience at median S$4.65 psf monthly.[1] For Eastpac, expect 1-2 bedroom units to rent at S$4,000-S$6,000 monthly, yielding 3.8-4.2% gross based on current psf sales of S$1,100-S$1,300.[3]
Actionable Tip: Use Homejourney's mortgage calculator to factor in financing costs and net yields. Always verify latest transactions via Homejourney property search for real-time data.
Rental Yield Breakdown by Unit Type
- 1-Bedroom (approx. 600-800 sq ft): Rent S$3,500-S$4,500 (4.0-4.5% yield). High demand from singles near Novena MRT (10-min walk).
- 2-3 Bedroom (1,000-1,500 sq ft): Rent S$5,000-S$7,000 (3.6-4.0% yield). Families attracted to Balestier hawker centres and schools.
- Larger Units: Up to 4% yield, supported by stable OCR rent growth into 2026.[1][2]
Yields remain attractive amid 2025 rent stabilisation, with smaller units facing slight pressure from new supply but larger ones holding firm.[1]
Capital Growth Potential in D12 Balestier
Eastpac Building's condo prices have shown resilience, with psf around S$1,135-S$1,300 in recent deals, up from historical lows due to D12's strategic position.[3] Proximity to PIE/CTE expressways and Novena MRT (North-South Line) drives appreciation, especially with limited freehold supply.
URA data indicates OCR price indices stabilising in 2025, with Balestier benefiting from medical tourism and retail growth like VIIO @ Balestier.[4] Expect 3-5% annual growth through 2026, fueled by tapering new completions (7,065 units projected).[1]
Insider Tip: Balestier Road's night markets and Zhongshan Mall (5-min drive) boost tenant retention, enhancing long-term value. Compare trends in our projects directory.
Factors Driving Eastpac Building Growth
- Location Edge: 1km to Novena MRT (Exit A, 12-min walk); bus stops for 124, 130 to CBD (15 mins).
- Demand Drivers: Nearby schools (Midview Primary, CHIJ Toa Payoh), hospitals (Mount Elizabeth Novena), and amenities like Cold Storage.[4]
- Future Upside: Ongoing Balestier revitalisation per URA Master Plan; low vacancy rates in small freeholds.
For full amenities details, check Eastpac Building Amenities: Schools, Shopping, Transport | Homejourney .
Investment Pros, Cons, and Suitability
Pros: High rental yields (4%), freehold tenure, low maintenance in 7-unit setup, strong tenant demand from expats/doctors. Growth supported by D12's hybrid residential-commercial vibe.[1][2]
Cons: Walk-up design may deter elderly tenants; limited units reduce liquidity. Rents for studios could soften with new OCR supply.[1] Prices at S$2.25M+ require strong financing—disclaimer: yields are estimates; consult professionals.
| Factor | Eastpac Building | D12 Average |
|---|---|---|
| Rental Yield | 3.6-4.0% | 3.2-3.8% |
| PSF Growth (2025) | +2-4% | +1-3% |
| Tenure | Freehold | Mostly 99-year |
Best for buy-to-let investors or owner-occupiers valuing privacy. See similar analysis for Cotswold Villas Investment: Rental Yield & Growth Analysis | Homejourney .
Actionable Steps for Eastpac Investors
- Verify Yields: Browse available units at Eastpac Building on Homejourney for latest rents/sales.
- Assess Financing: Use Homejourney bank rates to model net yields post-ABSD/TDSR.
- Contact Experts: Speak to a property agent verified by Homejourney for personalised advice.
- Plan Maintenance: Budget for upkeep; explore Aircon Services for post-purchase services.
- Monitor Trends: Track D12 prices via Eastpac Building Price Trends 2026: D12 Market Analysis | Homejourney .
Homejourney verifies all data for your safety, building trust through transparent insights.
FAQ: Eastpac Building Rental Yield and Growth
What is the rental yield for Eastpac Building?
Approximately 3.6-4.0% gross, based on current rents and S$1,135+ psf sales. Larger units offer stable returns amid OCR demand.[2][3][4]
Is Eastpac Building a good investment in 2026?
Yes, for freehold seekers—expect 3-5% growth from location and limited supply. Check URA data for confirmation.[1][3]
How does Eastpac compare to other D12 condos?
Superior yields due to freehold and small size; outperforms leasehold peers in Balestier/Toa Payoh.
What affects rental demand here?
Novena MRT proximity, medical hub jobs, and amenities like FairPrice drive steady tenancy.[4]
Where to find Eastpac Building listings?
Exclusively on Homejourney search for verified, safe transactions.
Ready to invest? Explore the full Eastpac Building analysis and connect with agents on Homejourney—your trusted partner for Eastpac Building investment analysis: rental yield and growth.
