The physical properties of recycled polyester yarns according to recycling methods were investigated. Virgin polyester draw texturized yarn(DTY), material-recycled(MR) polyester DTY and chemical-recycled(CR) polyester DTY were prepared. Surface morphology, thermal property, micro-structure and mechanical property of recycled polyester yarns were estimated. SEM-EDS analysis showed that the CR PET yarn had better crimp and more stable structure than MR PET yarn. Tm of the MR PET yarn was higher than that of the CR PET yarn. The intensity of the crystallization peak of the CR PET yarn was a little higher than that of the MR PET yarn. Tensile strength of the MR PET yarn was slightly higher than that of the CR PET yarn. Breaking elongation of the CR PET yarn was slightly higher than that of the MR PET yarn.