KOVAN MELODY
UrbanLens Analysis
KOVAN MELODY commands $1,723 PSF -- 17% above what District 19 typically fetches ($1,472 PSF). Kovan MRT sits just 94m away (1-min walk), a clear connectivity win. Against CHUAN PARK at $2,596 PSF, the 34% discount is worth examining closely.
Prices have surged 25.2% in two years. That is strong performance, though buyers entering now face elevated downside risk. 42 transactions over two years gives deep liquidity and reliable pricing signals. For context, THE GARDEN RESIDENCES has gained 2.7% over the same period.
Roughly 77 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 2.9% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 778-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
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
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.