KOVAN APARTMENTS
UrbanLens Analysis
KOVAN APARTMENTS is a freehold boutique 16-unit development on KOVAN ROAD in District 19 (OCR). At 8 minutes from Kovan MRT, connectivity is good and supports rental appeal. At $0 PSF it aligns with the D19 median of $1,472 PSF -- fairly priced by the district's own standard.
Limited recent transaction data makes it harder to gauge price momentum -- buyers should rely on comparable sales for price discovery. Against CHUAN PARK at $2,596 PSF (flat), it trades at a 0% discount.
Rental yield data is unavailable, though freehold tenure supports long-term capital preservation. Benchmark against D19 average yield of 3.4% before projecting returns. For comparison, THE FLORENCE RESIDENCES yields 3.41% at $1,779 PSF.
With only 16 units, resale liquidity is thin -- expect longer marketing periods and wider bid-ask spreads. Within the competitive set, AFFINITY AT SERANGOON at $1,794 PSF (+2.6%) provides a reference for local market direction.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
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