AI-synthesised
Lermit Road Bungalow Listed at $98.8M; Rental Yield Favours Location Over Age
Published 23 July 2026 · Covers news from 22 Jul to 23 Jul
A Good Class Bungalow on Lermit Road has been listed at S$98.8 million, while separate analysis finds rental yields for Singapore condos track unit type and location more closely than project age or resale price. A case study also examines whether selling a $1.7M condo to downsize into resale HDB or an east-side condo makes financial sense.
- A bungalow on Lermit Road, owned by the family of Dennis Lee's son, has been placed on the market at S$98.8 million, according to The Business Times — one of the more notable luxury landed listings to surface recently [4].
- Stacked Homes reports that rental yield for Singapore condos is driven more by unit type and location than by a project's age or resale price, with older 99-year leasehold condos often renting within 15–20% of new launches despite selling for roughly half the price — a meaningful gap for investors weighing gross yield against capital outlay [6].
- A financial case study by Stacked Homes models a family selling a $1.7 million condo and choosing between a 4-room resale HDB and a 3-bedroom resale condo in Singapore's east, weighing trade-offs across space, liquidity, and lease decay — factors that apply broadly to households at this price point [3].
- A BCA-commissioned study finds that designing buildings for maintainability can save developments up to S$950,000 per year, with Shaw Tower's cat ladder alone projected to save over S$750,000 across its lifespan — a finding Stacked Homes notes has downstream implications for long-term strata maintenance costs borne by owners [1].
Sources
- [1]
- [3]Should You Sell A $1.7M Condo To Buy A Resale HDB? We Ran The Numbers For One Singapore Family
Stacked Homes · 22/07/2026
- [4]Lermit Road bungalow owned by family of Dennis Lee’s son on the market at S$98.8 million - The Business Times
Google News — Singapore property · 22/07/2026
- [6]What Actually Makes A Singapore Condo A Good Rental Investment?
Stacked Homes · 22/07/2026
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.