Simon Plaza
Simon Plaza is a freehold condominium located in District 19 (Punggol, Hougang, Serangoon Gardens), part of the Outside Central Region (OCR). The development comprises 19 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
SIMON PLAZA is a freehold condominium at KOVAN ROAD in District 19 (OCR), developed by , comprising 19 units.
Location & Connectivity
SIMON PLAZA is approximately 210m from Kovan MRT station, with 2 stations within 1.5 km.
Schools & Education
21 schools within 2 km (13 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Holy Innocents' High School | Secondary | 130m |
| Holy Innocents' Primary School | Primary | 220m |
| St. Gabriel's Primary School | Primary | 270m |
| Xinmin Primary School | Primary | 330m |
| Xinmin Secondary School | Secondary | 430m |
| Hougang Secondary School | Secondary | 470m |
| Hougang Primary School | Primary | 500m |
| Montfort Secondary School | Secondary | 520m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 4 | $1,291 psf | $2,130,000 |
| 5+ BR | 1 | $1,323 psf | $2,550,000 |
Market Position
SIMON PLAZA has recorded 5 sales at an average price of $2,214,000.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,041 psf | — |
| 2022 | 1 | $1,213 psf | ↑ 16.6% |
| 2025 | 1 | $1,323 psf | ↑ 9.1% |
| 2026 | 2 | $1,456 psf | ↑ 10.0% |
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SIMON PLAZA prices sit at a fresh series high after a 10.0% gain on the prior period, now 39.9% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 19 reads 131.3 as of June 2026 — up 2.8% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | $2,596 psf | 883 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | $1,752 psf | 873 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | $1,596 psf | 648 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | $1,699 psf | 604 |
| SERANGOON GARDEN ESTATE | Freehold | $1,759 psf | 491 |
What Could Work Against You
- Only 2 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 19 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units). Located ~212m from Kovan MRT, this property is a comfortable daily walk for transit commuters.
For car-owning households and international school families, it can work — but weigh the trade-offs before committing.
yield-focused investors and resort facilities should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
SIMON PLAZA is a freehold development in District 19 (OCR), with 19 units, offering a gross yield of 2.4%.
At ~$1,412 psf, it represents a competitive entry point in the OCR segment.
Explore the full SIMON PLAZA dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing SIMON PLAZA against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for SIMON PLAZA?
Is SIMON PLAZA freehold?
What is the rental yield for SIMON PLAZA?
Which MRT is nearest to SIMON PLAZA?
Sources & Next Steps
- SIMON PLAZA Dashboard — Live charts and analytics
- URA — Official transaction data
- District 19 (Punggol, Hougang, Serangoon Gardens) — District 19 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5 transactions
- Rental data: 10 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Feb 2026 · 5 records analysed · Source: URA private-sale caveats