KOVAN MELODY
KOVAN ROAD · District 19 · 99 yrs lease commencing from 2004
Median Price
S$1.7M
Price Range
S$1.1M - S$2.8M
Tenure
Leasehold
Avg Rent
S$4.24 psf
KOVAN MELODY Price Analysis
KOVAN MELODY is a leasehold development on KOVAN ROAD in District 19 (Serangoon/Hougang). According to URA transaction records, 120 private residential transactions have been recorded at this development, with a median price of S$1,690,000. Prices range from S$1.1M for the smallest units to S$2.8M for premium configurations.
The development offers units across 3 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$1,280,000. Larger units (4-bed (130-170 sqm)) trade at S$2,390,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at KOVAN MELODY. High-floor units (01-05) command a median of S$1,775,000, while low-floor units (06-10) sell for S$1,625,000. That is a 9% premium for higher floors, worth S$150K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, KOVAN MELODY commands an average of S$4.24 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 2.6%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| 2-Bed (70-100 sqm) | S$1.3M | 84 sqm | 31 |
| 3-Bed (100-130 sqm) | S$1.8M | 116 sqm | 73 |
| 4-Bed (130-170 sqm) | S$2.4M | 139 sqm | 16 |
FAQ
What is the average price of KOVAN MELODY?
The median transaction price at KOVAN MELODY is S$1,690,000, based on 120 URA-recorded transactions. Prices range from S$1.1M to S$2.8M.
Does floor level affect prices at KOVAN MELODY?
Yes. High-floor units (01-05) sell for a median of S$1,775,000, while low-floor units (06-10) sell for S$1,625,000. That is a 9% premium for higher floors.
What is the rental rate at KOVAN MELODY?
The average rental rate at KOVAN MELODY is approximately S$4.24 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.