Why Geylang Properties Have Higher Yields Despite Buyer Stigma

Rental yields in Geylang and nearby areas show one-bedroom units outperforming as rents have outpaced prices since 2015, while larger units stay closer to flat.

By Hailey Khoo

Published 1 September 2026, 9:06 PM SGT · 13 min read · 46

Three different multi-storey residential blocks, one with greenery on terraces and one with colourful angled lines on the facade

This week, our analysis of the rental market in Singapore moves to District 14, where we test whether the same driver of the best yields - namely the lowest purchase price - in other top-performing districts can be applied there.

Our analysis suggests that the properties with the lowest property prices in District 14, may not be the types of properties that appeal to most investors in this case.

When we look at the locations that encompass District 14, the planning area covers Geylang, Aljunied, Eunos and Paya Lebar. Parts of this area, like Geylang and its links to the red-light entertainment, is also where some undesirable locations can be found. These locational traits still shape what buyers are willing to pay for a private residential property there.

In general, the tenant pool in District 14 is unusually diverse. Tenant profiles range from professionals working in the Central Business District (CBD) as well as those working in regional business hubs like Paya Lebar and Changi. The area is also a convenient location for the employees in the various F&B, hospitality, and nightlife businesses that operate throughout this locale.

Based on the data that we’ve been able to compile, and across the 21 eligible projects that meet our criteria, we found that the median net yield after property tax is 4.11% for one-bedders, 3.31% for two-bedroom units, and 2.92% for three-bedroom units.

The yield on one-bedroom units in District 14 is the highest that we have recorded in this rental series to date. It comes up strong against other top performing districts like 3.61% in Districts 9 and 10, and 3.43% on the East Coast.

Frequently asked questions

Why are Geylang's cheaper condos considered good investments for rental yields?

Geylang's cheaper condos are producing some of District 14's best rental yields because they offer affordable options for tenants, leading to higher rental income relative to their purchase price.

What makes Geylang condos attractive to tenants in comparison to other districts?

Geylang condos are attractive to tenants because they are more affordable, which can result in higher rental demand and better rental yields for investors.

How do the rental yields of Geylang's condos compare to other areas in District 14?

Geylang's condos are producing some of the best rental yields in District 14, indicating they generate higher rental income relative to their purchase prices compared to other areas.

What is a key factor contributing to the strong rental yields of Geylang condos?

A key factor is the affordability of Geylang condos, which attracts tenants and allows landlords to achieve higher rental returns.

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Hailey Khoo

Writer

Hailey has spent the past six years in Singapore’s property trenches, from showflat tours to real negotiations. Armed with a diploma and degree in real estate, she pairs formal training with real-world experience across developers and agency practice. Having worked with both numbers-first investors and emotion-led homebuyers, she’s particularly intrigued by the psychology behind property decisions.

At Stacked, Hailey brings a licensed practitioner’s perspective, unpacking the nuances behind each purchase while keeping things thoughtful, practical, and just a little bit curious.