Overview & Key Facts
PARK RESIDENCES KOVAN is a freehold condominium at UPPER SERANGOON ROAD in District 19 (OCR), developed by KOVAN CENTRAL PTE. LTD, comprising 41 units, completed in 2013.
Location & Connectivity
PARK RESIDENCES KOVAN is approximately 430m from Kovan MRT station, with 3 stations within 1.5 km.
Schools & Education
21 schools within 2 km (14 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Zhonghua Primary School | Primary | 360m |
| Zhonghua Secondary School | Secondary | 400m |
| Montfort Junior School | Primary | 460m |
| Montfort Secondary School | Secondary | 460m |
| Xinmin Secondary School | Secondary | 490m |
| Xinmin Primary School | Primary | 580m |
| St. Gabriel's Primary School | Primary | 680m |
| Holy Innocents' High School | Secondary | 700m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 10 | $1,817 psf | $639,738 |
| 1 BR | 1 | $1,295 psf | $850,000 |
Market Position
PARK RESIDENCES KOVAN has recorded 11 sales at an average price of $658,853.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 3 | $1,791 psf | — |
| 2022 | 2 | $1,766 psf | ↓ 1.4% |
| 2023 | 3 | $1,642 psf | ↓ 7.0% |
| 2024 | 1 | $1,914 psf | ↑ 16.6% |
| 2025 | 2 | $1,862 psf | ↓ 2.7% |
Loading chart data...
PARK RESIDENCES KOVAN prices have cooled 2.7% from the 2024 peak, yet remain 4.0% above where the series began in 2021.
Price Index Check
The ShiokNest Price Index for District 19 reads 137.0 as of June 2026 — up 2.0% 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.
Loading chart data...
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 | $1,751 psf | 869 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | $1,595 psf | 642 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | $1,699 psf | 602 |
| SERANGOON GARDEN ESTATE | Freehold | $1,757 psf | 487 |
What Could Work Against You
- Only 1 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 41 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
This is a strong match for single professionals, mrt-walkable commuters, yield-focused investors and long-term hold (10+ yr). Smaller-format units and OCR (Outside Central Region) location suit solo buyers with a CBD-oriented career.
For young couples (no kids), it can work — but weigh the trade-offs before committing.
It is a weaker fit for multi-generational families and resort facilities — other options likely serve them better. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
Verdict
PARK RESIDENCES KOVAN is a freehold development in District 19 (OCR), with 41 units, offering a gross yield of 4.4%.
At ~$1,862 psf, it represents a competitive entry point in the OCR segment.
Explore the full PARK RESIDENCES KOVAN dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PARK RESIDENCES KOVAN against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for PARK RESIDENCES KOVAN?
Is PARK RESIDENCES KOVAN freehold?
What is the rental yield for PARK RESIDENCES KOVAN?
Which MRT is nearest to PARK RESIDENCES KOVAN?
Sources & Next Steps
- PARK RESIDENCES KOVAN Dashboard — Live charts and analytics
- URA REALIS — 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: 11 transactions
- Rental data: 115 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2025 · 11 records analysed · Source: URA private-sale caveats