KOVAN GRANDEUR
UrbanLens Analysis
At $1,429 PSF, KOVAN GRANDEUR prices 3% below the District 19 median. Compare that to CHUAN PARK at $2,596 PSF -- a 45% premium that buyers need to justify. The 11-minute walk to Kovan MRT (842m) is workable, though not the kind of proximity that commands a premium on its own.
The +2.5% two-year price movement is negligible -- neither bullish nor bearish. With 13 deals in two years, the pricing data has reasonable statistical weight. For context, THE GARDEN RESIDENCES has gained 2.7% over the same period.
Roughly 83 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 74 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
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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