STARS OF KOVAN
UrbanLens Analysis
STARS OF KOVAN trades at $1,910 PSF, sitting 30% above the District 19 median of $1,472 PSF. The 4-minute walk to Kovan MRT (342m) is a tangible lifestyle and resale advantage. CHUAN PARK fetches $2,596 PSF nearby -- that 26% gap frames STARS OF KOVAN's relative value proposition.
A 9.1% appreciation over two years is healthy without looking frothy. 35 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 88 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.3% tracks the OCR average of 3.4%. At $3,951/month median rent, income is market-rate -- neither a standout nor a weakness.
The 441-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
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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