KOVAN REGENCY
UrbanLens Analysis
KOVAN REGENCY commands $1,849 PSF -- 26% above what District 19 typically fetches ($1,472 PSF). Kovan MRT sits just 379m away (5-min walk), a clear connectivity win. Against CHUAN PARK at $2,596 PSF, the 29% discount is worth examining closely.
Prices are up 13.2% over two years, reflecting genuine buyer interest without bubble-level exuberance. 36 transactions over two years gives deep liquidity and reliable pricing signals. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
With ~85 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. The 3.0% yield trails the OCR average of 3.4%. At $4,449/month median rent, this is a capital-appreciation bet, not an income play.
With 393 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
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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