Greendale Court Investment Analysis: Rental Yield and Growth

Greendale Court on Greendale Avenue in District 11 offers investors a stable rental yield of approximately 1.7%, with moderate capital growth potential driven by its prime Newton-Novena location and District 11's strong market performance. This cluster article dives into rental yields, price appreciation trends, and actionable investment strategies, building on our comprehensive Greendale Court project analysis. Homejourney verifies all data to ensure you invest with confidence in a safe, trusted environment.

Current Rental Yield at Greendale Court

Greendale Court's rental yield stands at 1.7%, based on recent leased rentals averaging S$1.9 PSF per month. This figure aligns with historical data showing rental contracts ranging from S$21.11 to S$45.71 per sqm monthly, with a mean of S$33.41 per sqm. For a typical 1,873-sqft unit, this translates to monthly rents around S$3,500–S$5,000, depending on layout and condition.

Compared to District 11 averages, Greendale Court's yield is competitive, as the district ranks highly in rental returns per Square Foot Research data. Investors can expect steady demand from expats and professionals drawn to nearby Novena Medical Hub and Novena MRT. Actionable tip: Use Homejourney's property search to browse available units at Greendale Court and calculate personalized yields.

Historical Price Trends and Capital Growth

Greendale Court, completed in 1989 as a freehold condo with units up to 1,873 sqft, has seen sale prices peak at S$1,335 PSF in September 2021, with a historical low of S$747 PSF in July 2007. District 11's 1,468 private property transactions over the last 36 months reflect robust liquidity, supporting steady appreciation. Recent 2026 trends show condo prices in Newton and Novena stabilizing around S$2,000–S$3,000 PSF for comparable freeholds.

Capital growth outlook remains positive due to limited supply in D11—only 216 condos, 194 freehold—and upcoming Thomson-East Coast Line enhancements boosting connectivity. Homejourney's verified transaction history indicates Greendale Court's resale market offers good liquidity for patient investors. For deeper trends, check our detailed project analysis.

Factors Driving Rental Demand and Yield Stability

District 11's appeal fuels Greendale Court's rental demand: proximity to Novena MRT (10-minute walk), PIE/CTE expressways (5-minute drive), and amenities like Velocity@Novena Square and Mount Elizabeth Novena Hospital. Families value nearby schools such as Anglo-Chinese School (Barker Road), while professionals appreciate the 15-minute drive to CBD.

Recent URA data highlights D11's strong rental market, with expat demand pushing occupancy rates high. Insider tip: Units facing greener sides toward Botanic Gardens command 5–10% premium rents. Post-purchase, maintain value with services like aircon servicing to attract long-term tenants and sustain yields.

Investment Evaluation Framework

To assess Greendale Court, follow these steps:

Calculate Yield: (Annual Rent / Purchase Price) x 100. Example: S$48,000 annual rent on S$2.8M unit = 1.7%.
Review Trends: Cross-check Homejourney's projects directory for D11 comparables like Peak Residence (S$2,509 PSF).
Factor Growth: Add 2–4% annual appreciation based on D11's track record.
Stress Test: Use our mortgage calculator for financing scenarios amid ABSD and LTV rules.
Consult Experts: Speak to a property agent for tailored advice.

Pros, Cons, and Who Should Invest

Pros: Freehold tenure ensures long-term value; low-maintenance facilities (pool, gym, 24-hour security); high tenant demand from D11's medical and education hubs; potential 3–5% annual growth with infrastructure upgrades.

Cons: Older build (1989) may require renovations (S$50,000–S$100,000 for 3BR); higher entry PSF vs. newer Novena launches; yields below prime core (e.g., 2–3% in CBD fringe).

Best for: Long-term investors (5+ years), expat landlords, or D11 upgraders seeking stability over high yields.
Not ideal for: Short-term flippers or yield-chasers (target 2.5%+ elsewhere).

Future Growth Catalysts in District 11

Greendale Court's position on Greendale Avenue benefits from D11's evolution: TEL Novena extensions improve access (under 20 mins to Shenton Way); new medical clusters sustain rental demand. Limited freehold supply (90% of D11 condos) supports price resilience amid 2026 cooling measures.

Balanced view: While high entry costs (S$2.5M+ for larger units) limit upside vs. emerging areas, historical data shows D11 outperforming in capital gains. Disclaimer: Yields and growth are estimates based on URA-aligned data; consult professionals for personalized advice. Homejourney prioritizes transparency—our verified insights help you decide safely.

FAQ: Greendale Court Rental Yield and Investment

What is the current rental yield for Greendale Court?
Approximately 1.7%, with rentals at S$1.9 PSF/month. Verify latest via Homejourney's search.

Is Greendale Court a good investment in 2026?
Yes for stability-focused investors, thanks to D11 demand and freehold status. Expect 2–4% growth annually.

How does Greendale Court compare to other D11 condos?
Offers better value than new launches like Peak Residence (S$2,509 PSF), with similar yields but lower entry for freehold.

What drives rental demand at Greendale Court?
Proximity to Novena MRT, hospitals, and schools; strong expat appeal in Newton area.

Where can I find Greendale Court listings?
Browse verified units on Homejourney's property search.

Ready to explore Greendale Court? Browse available units, use our mortgage calculator, or contact an agent. Trust Homejourney for safe, verified property decisions—linking back to our full Greendale Court guide.