Kovan Residences
Kovan Residences is a 99-year leasehold condominium located in District 19 (Punggol, Hougang, Serangoon Gardens), part of the Outside Central Region (OCR). Completed in 2011, the development comprises 521 units, on a lease that commenced in 2007. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
KOVAN RESIDENCES
Over the 12 months to Jun 2026, Kovan Residences recorded 16 resale transactions at a median $1,880 psf (median price $2,521,500), and 69 rental contracts at a median $5,406/mo, a gross rental yield of 2.6%. Source: URA caveat data, as of Jun 2026.
Kovan Residences's median of $1,880 psf over the trailing 12 months places its pricing above roughly 71% of District 19 condos; resale liquidity has been moderate with 16 caveats lodged; the 2.6% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jun-26 | $2,523,000 | $2,003 psf | 1,259 sqft | 16 to 20 | 3BR |
| May-26 | $2,668,000 | $1,850 psf | 1,442 sqft | 01 to 05 | 4BR |
| May-26 | $3,050,000 | $1,376 psf | 2,217 sqft | 01 to 05 | 5BR |
| Apr-26 | $2,545,000 | $2,021 psf | 1,259 sqft | 11 to 15 | 3BR |
| Mar-26 | $2,700,000 | $1,872 psf | 1,442 sqft | 11 to 15 | 4BR |
| Mar-26 | $1,788,000 | $1,888 psf | 947 sqft | 11 to 15 | 2BR |
| Feb-26 | $1,750,000 | $1,848 psf | 947 sqft | 01 to 05 | 2BR |
| Jan-26 | $3,158,000 | $1,778 psf | 1,776 sqft | 01 to 05 | 4BR |
Can I afford Kovan Residences?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $2,521,500.
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.