Miramar Gardens Investment Analysis: Rental Yield and Growth
Miramar Gardens at Jalan Naung in District 19 offers investors a competitive rental yield of 2.3-3% with strong growth potential from its 999-year leasehold tenure and proximity to Hougang MRT.[1][3][5]
This cluster article dives into rental yields and capital appreciation for Miramar Gardens, linking back to our comprehensive Miramar Gardens D19: Units, Prices, Amenities & Investment Guide. Homejourney verifies all data to ensure transparency and user safety in your property investment decisions.
Current Rental Yields at Miramar Gardens
Rental yield at Miramar Gardens averages 2.3%, calculated from recent leases at $2.90-$3.70 PSF per month.[1][2][3] Terrace units of 1,500-2,000 sqft rent for $5,800-$6,500 monthly, based on December 2024 and July 2024 transactions.[3]
For a typical 1,759 sqft terrace purchased at $3.14M-$3.33M ($1,785-$1,893 PSF), annual rent of around $72,000 delivers this yield—outperforming many D19 condos at 2-2.5%.[1][5] Corner units command 10-15% premium rents due to larger plots up to 2,645 sqft.[1]
Actionable step: Use Homejourney's property search to browse available units at Miramar Gardens and verify current rentals.
Price Trends and Capital Growth Potential
Average sale price stands at $1,839 PSF, with a 3-year appreciation of 5-7%.[1][3] This outperforms nearby 99-year leasehold options like Parkwood Collection ($889 PSF) and aligns with Naung Residence ($1,454 PSF) and Silver Hill ($2,049 PSF).[1][3]
The 999-year tenure from 1883 acts like freehold, supporting rebuild potential—upgrading to 5,000 sqft Category 3 homes could add $1.9M in value over 4-8 years.[1] District 19 growth, including the Cross Island Line (Hougang interchange by 2030) and new mixed-use hubs, projects 4-6% annual rental uplifts and 5-8% CAGR through 2030.[1][4]
Low vacancy rates under 5% reflect strong demand from expat families and locals.[1] For deeper trends, see our Miramar Gardens Price Trends & Market Analysis.
Investment Evaluation Framework for Miramar Gardens
Follow this 5-step framework to assess Miramar Gardens as a property investment:
- Yield Calculation: Gross yield = (Annual Rent / Purchase Price) x 100. Example: $72K rent / $3.2M = 2.25%.[1]
- Growth Projection: Factor URA master plan upgrades like new retail and MRT expansions.[1]
- Rental Demand Check: Target 1,500-2,000 sqft units for families; Hougang MRT is a 2-minute walk.[4]
- Cost Analysis: Budget $700K+ for A&A renovations; use Homejourney's mortgage calculator for payments.[2]
- Risk Assessment: Consider interest rate rises; consult agents via Homejourney agents.
Insider tip: As a D19 local favorite, Jalan Naung terraces appeal to multi-generational families seeking privacy over condo facilities—yields hold steady even in softening markets.[1][2]
Pros, Cons, and Who Should Invest
- Pros: 999-year tenure, 2.3-3% yields, rebuild upside, prime Serangoon-Hougang location near schools and malls.[1][4]
- Cons: High entry price ($3M+), limited units for resale liquidity, higher maintenance than condos, potential renovation needs.[1][2]
Best suited for long-term investors prioritizing space and growth over quick flips. Compare amenities driving demand in Miramar Gardens Amenities: Schools, Shopping, Transport Guide.
Disclaimer: Yields and prices are estimates based on 2024-2026 data; markets fluctuate. Homejourney verifies transactions for trust—always seek professional advice and check comprehensive Miramar Gardens analysis.
Future Outlook and Risks
Capital appreciation looks solid at 5-8% annually, fueled by infrastructure like the Cross Island Line and enclave appeal.[1][4] Rental demand remains robust with low vacancies, enhanced by nearby Hougang Mall and schools.
Risks include renovation costs and competition from new D19 launches. Post-purchase, maintain value with services like aircon services via Homejourney.
For floor plans and facilities supporting tenant appeal, read Miramar Gardens Floor Plans & Facilities: D19 Guide.
FAQ
What is the rental yield for Miramar Gardens?
Average 2.3-3%, with $5,800-$6,500 monthly rents for 1,500-2,000 sqft terraces ($2.90-$3.70 PSF).[1][2][3]
Is Miramar Gardens a good property investment in 2026?
Yes, due to 2.3-3% yields, 999-year tenure, and D19 growth from MRT expansions—but evaluate your finances first.[1][5]
How does Miramar Gardens compare to nearby properties for investment?
Superior tenure and yields vs. 99-year leaseholds; PSF competitive with Silver Hill at $1,839 avg.[1][3]
What drives rental demand at Jalan Naung, Miramar Gardens?
Hougang MRT (2-min walk), schools, malls, and Cross Island Line by 2030.[1][4]
Where can I find verified Miramar Gardens listings and analysis?
Browse on Homejourney search or view project analysis.
Ready to invest in Miramar Gardens? Start with Homejourney's verified tools for safe, transparent property decisions. Explore the full District 19 guide or contact an agent today.
