KOVAN RESIDENCES
KOVAN ROAD · District 19 · 99 yrs lease commencing from 2007
Median Price
S$2.3M
Price Range
S$1.2M - S$4.4M
Tenure
Leasehold
Avg Rent
S$4.24 psf
KOVAN RESIDENCES Price Analysis
KOVAN RESIDENCES is a leasehold development on KOVAN ROAD in District 19 (Serangoon/Hougang). According to URA transaction records, 102 private residential transactions have been recorded at this development, with a median price of S$2,269,000. Prices range from S$1.2M for the smallest units to S$4.4M for premium configurations.
The development offers units across 4 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$1,388,000. Larger units (5+ bed (170+ sqm)) trade at S$2,900,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at KOVAN RESIDENCES. High-floor units (16-20) command a median of S$2,542,000, while low-floor units (11-15) sell for S$2,185,000. That is a 16% premium for higher floors, worth S$357K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, KOVAN RESIDENCES 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 1.9%.
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$1.4M | 83 sqm | 21 |
| 3-Bed (100-130 sqm) | S$2.1M | 117 sqm | 31 |
| 4-Bed (130-170 sqm) | S$2.5M | 159 sqm | 43 |
| 5+ Bed (170+ sqm) | S$2.9M | 264 sqm | 7 |
FAQ
What is the average price of KOVAN RESIDENCES?
The median transaction price at KOVAN RESIDENCES is S$2,269,000, based on 102 URA-recorded transactions. Prices range from S$1.2M to S$4.4M.
Does floor level affect prices at KOVAN RESIDENCES?
Yes. High-floor units (16-20) sell for a median of S$2,542,000, while low-floor units (11-15) sell for S$2,185,000. That is a 16% premium for higher floors.
What is the rental rate at KOVAN RESIDENCES?
The average rental rate at KOVAN RESIDENCES 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.