Park Residences Kovan

Park Residences Kovan is a freehold apartment completed in 2014. It is developed by KOVAN CENTRAL PTE LTD. The development occupies a land area of 974 sqm and a Gross Floor Area of 1,364 sqm. It consists of 41 units. According to records, buyers of this development are Singaporean 63.6%, PR 30.3%, Foreigner 6.1%, Company 0.0%.

PARK RESIDENCES KOVAN is located along Upper Serangoon Road in Hougang, in District 19. It is accessible through the nearest MRTs including Kovan NE13 and Serangoon CC13, NE12.

Based on transaction data in the last 12 months, sale prices range from S$ 1,295 psf to S$ 1,830 psf at an average of S$ 1,642 psf. Its highest recorded transaction was S$ 1,943 psf in Dec 2014 for a 355-sqft unit. Its lowest recorded transaction was S$ 795 psf in Jul 2018 for a 1,195-sqft unit. Its current rental yield is at 5.5%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, PRIME SUPERMARKET (1996) PTE LTD, and 3 Shopping Mall(s): HEARTLAND MALL, ICB SHOPPING CENTRE, UPPER SERANGOON SHOPPING CENTRE.

Buyers and tenants are attracted to District 19, which is comprised of Hougang, Punggol, Sengkang and Serangoon Gardens. These four areas are mostly residential with recreational and commercial amenities. Hougang is the largest HDB town in Singapore based on land area. Private houses can be found in the Lorong Ah Soo and Rosyth areas. Originally comprised of forests and pig-rearing farms, Hougang has evolved into a vibrant residential area with a wide array of amenities. These include a number of shopping malls, Hougang Sports Hall, and a bus interchange with a range of bus services to other parts of Singapore. Punggol is a relatively new residential estate in Singapore's North-East Region. Historically a fishing village resided by Malay settlers, Punggol is now a vibrant mix of residential developments and nature. Residents can leisurely cycle along the 4.2km-long Punggol Waterway or head to Coney Island, a 133ha island popular for jet skiing and camping. Sengkang has experienced rapid development since its early days as a fishing village. It is now a satellite residential town with a well-developed LRT system offering access to different parts of Sengkang. Sengkang also offers a wide array of work and play amenities, with the main shopping mall Compass One being Singapore's first thematic shopping centre based on the theme of learning.

The North-East Region is the second largest and most densely populated of the five regions in Singapore, with Sengkang being its most populous town. Spanning 13,810ha, the North-East Region is mainly a residential region and housing estate largely comprised of HDB flats. In addition to a myriad of amenities including hospitals, parks, schools and transport options, the region is also home to a few tourist attractions such as Pulau Ubin and Coney Island. Seletar Aerospace Park, which comprises of several aviation manufacturing and research facilities by companies such Rolls-Royce and Singapore Technologies Aerospace, provide employment opportunities to residents both within and beyond the region. Sengkang General Hospital, a 1000-bed hospital, is the largest in the region and is built to further the government's efforts to provide quality and accessible healthcare to all Singaporeans.