We track 17 sales and 94 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the SPAZIO @ KOVAN dashboard.
- Average sale price: $903,758 across 17 transactions
- Estimated gross rental yield: 3.9%
- District 19 PSF ranking: Above average (top 43%)
- Freehold tenure · OCR · D19 · 48 units
About SPAZIO @ KOVAN
SPAZIO @ KOVAN is a freehold condominium, located at UPPER SERANGOON ROAD in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), developed by SPAZIO LAND PTE LTD, comprising 48 residential units, completed in 2018.
As a freehold property, SPAZIO @ KOVAN does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at SPAZIO @ KOVAN:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 6 | $1,532 psf | $747,333 |
| 1 BR | 7 | $1,499 psf | $857,412 |
| 2 BR | 1 | $1,348 psf | $1,030,000 |
| 3 BR | 2 | $1,082 psf | $1,136,500 |
| 4 BR | 1 | $1,092 psf | $1,575,000 |
Sales Market Overview
SPAZIO @ KOVAN has recorded 17 sale transactions with an average transaction price of $903,758, ranging from $685,000 to $1,575,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,389 psf | $687,500 | — |
| 2022 | 5 | $1,361 psf | $911,800 | ↓ 2.0% |
| 2023 | 4 | $1,411 psf | $955,250 | ↑ 3.6% |
| 2024 | 5 | $1,480 psf | $953,777 | ↑ 4.9% |
| 2025 | 1 | $1,660 psf | $840,000 | ↑ 12.2% |
SPAZIO @ KOVAN ranks in the top 43% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, SPAZIO @ KOVAN trades 7.8% below the segment benchmark.
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Rental Market Overview
SPAZIO @ KOVAN has recorded 94 rental transactions with monthly rents averaging $2,904/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 13 | $2,312/mo | $1,650/mo | $2,700/mo |
| 2 BR | 57 | $2,899/mo | $1,800/mo | $4,500/mo |
| 3 BR | 24 | $3,238/mo | $2,200/mo | $4,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 21 | $2,367/mo |
| 2022 | 19 | $2,876/mo |
| 2023 | 15 | $3,020/mo |
| 2024 | 13 | $3,100/mo |
| 2025 | 22 | $3,170/mo |
| 2026 | 4 | $3,325/mo |
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Investment Analysis
Based on average rents and sale prices, SPAZIO @ KOVAN delivers an estimated gross rental yield of 3.9%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 19
Side-by-side comparison against the most actively traded condos in District 19 (Punggol, Hougang, Serangoon Gardens):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | 916 | $2,596 psf | 868 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | 1410 | $1,746 psf | 849 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | 1451 | $1,590 psf | 629 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | 1012 | $1,699 psf | 597 |
| SERANGOON GARDEN ESTATE | Freehold | — | $1,742 psf | 467 |
Location Map
Map shows SPAZIO @ KOVAN (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- SPAZIO @ KOVAN
- Serangoon MRT
- Serangoon MRT
- Kovan MRT
- Bartley MRT
- Cedar Girls'
- Cedar Primary School
- Zhonghua Secondary School
Nearby MRT Stations
SPAZIO @ KOVAN is 800m from Serangoon MRT (North-East Line), with 4 stations within 1.5 km.
Nearby Schools
There are 20 schools within 2 km of SPAZIO @ KOVAN, including 8 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Cedar Girls' Secondary School | Secondary | 290m |
| Cedar Primary School | Primary | 330m |
| Zhonghua Secondary School | Secondary | 440m |
| Zhonghua Primary School | Primary | 500m |
| Serangoon Secondary School | Secondary | 750m |
| Montfort Junior School | Primary | 850m |
| Xinmin Secondary School | Secondary | 890m |
| Montfort Secondary School | Secondary | 910m |
| Xinmin Primary School | Primary | 1.0 km |
| Yangzheng Primary School | Primary | 1.2 km |
| St. Gabriel's Primary School | Primary | 1.2 km |
| Holy Innocents' High School | Secondary | 1.2 km |
FAQ
What is the average price for SPAZIO @ KOVAN?
What is the rental yield for SPAZIO @ KOVAN?
Is SPAZIO @ KOVAN freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 17 transactions analysed
- Rental data: 94 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for SPAZIO @ KOVAN
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