Kovan 81
Located in District 19 (Punggol, Hougang, Serangoon Gardens), Kovan 81 is a 999-year leasehold condominium in the Outside Central Region (OCR). The development comprises 29 units, on a lease that commenced in 1878. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
KOVAN 81
Over the 12 months to Apr 2024, Kovan 81 recorded 2 rental contracts at a median $4,075/mo. Source: URA caveat data, as of Apr 2024.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Apr-24 | $1,680,000 | $969 psf | 1,733 sqft | 01 to 05 | 4BR |
| Oct-21 | $1,290,000 | $1,198 psf | 1,076 sqft | 01 to 05 | 3BR |
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.