Stars of Kovan unveiled

By
/ The Edge Property
|
April 25, 2016 10:00 AM SGT
An upcoming project scheduled for launch in early May is Cheung Kong Property Holdings’ Stars of Kovan. Located at the junction of Tampines Road and Upper Serangoon Road, the development will have 390 condominium units, five strata houses and a single-storey commercial block with 46 strata shop units.
Artist’s impression of the upcoming Stars of Kovan, which will have 395 residential units and 46 shop units

Source: Cheung Kong

Scheduled for completion in 2020, the project will have a 110m frontage on Upper Serangoon Road; all the commercial units, which are strata-titled shops, will be located on street level. It will be the “the first Britsh-inspired commercial development in Singapore”, and will incorporate replicas of the red telephone booths, red mail boxes and street lamps of London city.
The condominium will have a mix of one- to three-bedroom units with mostly unobstructed views, as the surroundings are predominantly low-rise landed homes. There will also be five strata-titled houses in the development, which will offer full condo facilities such as a 50m lap pool, a duplex clubhouse with a private pool for private parties, kitchen facilities in the entertainment area and a gymnasium.
Site’s potential Cheung Kong’s subsidiary Asset Legend won the 99-year leasehold, 108,685 sq ft site in Upper Serangoon in a government land tender in November 2014. It beat 10 other bids with a price of $276.8 million, or $848.84 psf per plot ratio. “When we looked at the piece of land, we saw its potential,” says Francis Wong, director of Cheung Kong Real Estate. “It is located within an established residential neighbourhood where 60% are landed homes. It is a peaceful and convenient location, just a two-minute walk from the Kovan MRT station.”
According to Wong, Cheung Kong plans to spend $10 million on the showflats and sales gallery of Stars of Kovan. “We want our sales gallery and showflats to reflect the quality of the future project,” he says. “We don’t have too many projects in Singapore. Our plan is to build the most eye-catching project that will change the landscape of the Kovan area.”
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