Miramar Gardens Investment Analysis: Rental Yield & Growth | Homejourney
Miramar Gardens at Jalan Naung offers investors a solid rental yield of approximately 2.3-3% with strong growth potential driven by its 999-year leasehold tenure and prime D19 location near Hougang MRT.[1][3][4]
This cluster article dives deep into Miramar Gardens investment analysis: rental yield and growth, providing tactical insights for Singapore property investors. As part of Homejourney's commitment to user safety and transparency, we verify all data from official sources like URA and recent transactions to help you make confident decisions. For a full overview, check our pillar guide on Miramar Gardens D19: Units, Prices, Amenities & Investment Guide.[7]
Current Rental Yield at Miramar Gardens
Rental yield at Miramar Gardens stands at an average of 2.95 PSF per month, translating to an implied yield of 2.3% based on recent data.[1][3]
Terrace units (1,500-2,000 sqft) rent for $5,800-$6,000 monthly as of late 2024, with peaks at $6,500 for larger units.[1][8] For a typical 1,759 sqft terrace sold at $3.14M-$3.33M (PSF $1,785-$1,893), this yields 2.3-3% annually—competitive for landed properties in District 19 (Serangoon, Hougang).[1][3]
Homejourney's verified transaction data shows stability, with rentals at $3.4 PSF PM in recent leases.[3] Insider tip: Corner terraces like those in Miramar Gardens command 10-15% premium rents due to extra land (e.g., 2,645 sqft plot).[5]
Historical Price Trends and Capital Growth
Sale prices for Miramar Gardens terraces have held firm, with resales at $3.14M in Aug 2023 (PSF $1,785) and $3.33M in Jan 2023 (PSF $1,893)—a historical high.[1][3]
Average PSF is $1,839, outperforming nearby 99-year leasehold options like Parkwood Collection ($889 PSF).[1] Over 3 years, prices show modest appreciation of 5-7%, supported by the 999-year tenure from 1883 (practically freehold).[1][5]
Compared to D19 peers: Naung Residence (avg $1,454 PSF), Silver Hill ($2,049 PSF).[1] Growth is bolstered by rebuild potential—A&A or full rebuild to 5,000 sqft could add $1.9M value over 4-8 years.[5]
View full trends in our related article: Miramar Gardens Price Trends & Market Analysis.
Rental Demand Drivers in D19
Rental demand thrives due to proximity to Hougang MRT (2-min walk), Hougang Mall, and KPE/TPE expressways.[5] Families seek terrace homes for space, with strong tenant pool from nearby schools and ActiveSG Hougang Sports Centre (completed 2026).[5]
District 19's growth, including Cross Island Line (Hougang interchange by 2030) and new mixed-use hub, boosts demand—expect 4-6% annual rental uplift.[5] Current vacancy is low at <5%, per URA-aligned data.[1]
Actionable step: Target 1,500-2,000 sqft units for expat families; yields beat D19 condos (avg 2-2.5%). Use Homejourney's property search to browse available units.
Investment Evaluation Framework
Assess Miramar Gardens with this 5-step framework:
- Yield Check: Calculate gross yield = (Annual Rent / Purchase Price) x 100. Example: $72K rent / $3.2M = 2.25%.[1]
- Growth Projection: Factor URA master plan upgrades (e.g., new retail hub).[5]
- Comparables: Benchmark vs Silver Hill (higher PSF but shorter tenure).[1]
- Costs: Maintenance ~$5K/year; agent fees 1 month rent. Link to mortgage calculator for financing.
- Exit Strategy: Hold 5+ years for 20-30% appreciation via rebuild.[5]
This data-driven approach ensures safe investments, aligned with Homejourney's trust-first ethos.
Future Growth Potential and Risks
Capital appreciation outlook is positive: 5-8% CAGR through 2030, driven by MRT expansions and enclave appeal.[5] Rebuild to Cat 3 (5-6 bedrooms, 5,000 sqft) yields high resale liquidity.[5]
Risks include renovation costs ($700K+ for A&A) and market softening if interest rates rise. Disclaimer: Yields are estimates; consult professionals. Homejourney verifies data for accuracy.
Nearby future nodes enhance value—see amenities in Miramar Gardens Amenities: Schools, Shopping, Transport.
Pros and Cons for Investors
- Pros: 999-year tenure, 2.3-3% yield, MRT proximity, rebuild upside.[1][5]
- Cons: Higher entry ($3M+), limited units, competition from new launches.[1]
Best for long-term family investors. Compare with Bena Park Investment Analysis for D17 alternatives.
FAQ
What is the rental yield for Miramar Gardens?
Approximately 2.3-3%, with rentals at $5,800-$6,500 for 1,500-2,000 sqft terraces.[1][3][4]
Is Miramar Gardens a good property investment in 2026?
Yes, for its yield, growth from infrastructure, and freehold-like tenure—but assess personal finances first.[5]
How does Miramar Gardens compare to nearby properties?
Stronger tenure and yield than 99-year options; PSF competitive with Silver Hill.[1]
What drives rental demand at Jalan Naung?
Hougang MRT (2-min walk), schools, malls, and upcoming Cross Island Line.[5]
Where to find Miramar Gardens listings?
Browse verified units on Homejourney search.
Ready to invest? Speak to a property agent about Miramar Gardens or explore our detailed project analysis. Homejourney prioritizes your safety with transparent, verified insights for every decision.
