57 @ KOVAN
UrbanLens Analysis
57 @ KOVAN has recorded zero resale transactions over the past 24 months, making it impossible to establish a reliable current market PSF. The District 19 median stands at $1,472 PSF, the best available reference point. The development sits a 7-minute walk from Kovan MRT, giving it solid transit access.
Among nearby comparables, CHUAN PARK trades at $2,596 PSF with 0% price movement over 24 months. THE FLORENCE RESIDENCES at $1,779 PSF (+0.8%) provides another data point. AFFINITY AT SERANGOON ($1,794 PSF) rounds out the comparable set. Without recent transactions, any valuation is speculative and should be cross-referenced with agent appraisals.
No rental yield data is available, common for very small or owner-occupied projects. CHUAN PARK yields 1.3% and serves as the closest rental benchmark. The District 19 average yield of 3.4% provides additional context for income modelling.
Freehold tenure eliminates lease-decay risk and preserves full en-bloc optionality for long-term holders. With only 10 units, the boutique scale is a primary driver of illiquidity. This is a hold-and-wait story; sellers need patience and realistic price expectations.
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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