A PENTHOUSE in Marina Bay Residences costing $15million would need to be rented out for at least $44,000 a month, while a $1.3million one-bedroom unit in the same condominium would require a minimum rental of $3,800. Here's a look at what other properties one can get with these two monthly rentals.
Penthouse in Marina Bay Residences
Cost: About $15 million
Size: About 4,400sqft
Estimated monthly rental: $44,000 (assuming a normal yield of 3.5 per cent)
For $35,000 a month, one can rent a 10,000sqft, five-bedroom bungalow in Cluny Park, which comes with a swimming pool and a wine cellar.
One-bedroom apartment in Marina Bay Residences
Cost: About $1.3 million
Size: About 700sqft
Estimated monthly rental: $3,800
For this amount, a tenant can get a 1,200sqft, two-bedroom unit in Aspen Heights, River Valley Road
* Rental estimations do not take into account property tax, financing and maintenance costs.
Sources: Analysts, Singapore Expats
