Overview Rating
Kovan Jewel scores well across most factors, with its freehold tenure and proximity to amenities being its strongest points. The potential resale value and rental yield are also promising due to its strategic location and surrounding developments.
Tenure
Kovan Jewel is a rare freehold development in Singapore, which provides long-term ownership benefits compared to leasehold properties.
Amenities
Kovan Jewel is in a convenient location, with many amenities within walking distance. It’s a 6-minute walk to Kovan MRT station, and it’s near several schools, such as Paya Lebar Methodist Girls’ School (Primary & Secondary), Xinghua Primary, Rosyth School, and Montfort Junior School. For shopping needs, Fairprice Finest is just across the road, and Heartland Mall Kovan is a short walk away.
Future Development
The area surrounding Kovan Jewel has future development potential with projects like the Cross Island Line completion set for 2029; this will likely boost property values in the area. Additionally, the future Paya Lebar Airbase redevelopment in the 2030s is planned to create lively commerce and lifestyle hubs for residents in the Kovan area.
Sale PSF Price
The sale PSF range for Kovan Jewel is between $2,036 and $2,201. This price range is lower than the average PSF price for condos in the CCR but slightly higher than the RCR average. It’s important to note that prices may vary depending on factors like unit size and floor level.
Resale Potential
Kovan Jewel’s resale potential looks promising due to its strategic location near amenities and MRT stations like Hougang and Serangoon interchange. The freehold tenure also adds value as buyers generally prefer freehold properties for their long-term ownership benefits.
Rental Yield
With its proximity to MRT stations and various amenities like shopping malls and schools nearby, Kovan Jewel has good potential for rental yield. The exact rental yield will depend on factors such as current market conditions and rental rates in the area.
Kovan Jewel is a freehold condominium development located at 51 Kovan Road, in the heart of District 19. With a total of 34 residential units, this new launch offers a variety of unit sizes and layouts, designed to cater to various needs and preferences.
In addition to its luxurious living spaces, Kovan Jewel features an extensive range of facilities and amenities that make it an attractive choice for potential homeowners. This comprehensive review will delve into the key aspects of this development, including location, unit types and designs, pricing, and overall value for money.
Location: Convenience and Accessibility in Kovan
One of Kovan Jewel’s main selling points is its prime location in District 19. The condo is situated within walking distance to Kovan MRT station, providing residents with easy access to public transportation. Additionally, several major expressways like KPE (ECP), CTE (SLE), PIE and TPE are nearby, making it convenient for drivers.
In terms of nearby schools, families with school-going children will appreciate the proximity of popular primary schools such as Paya Lebar Methodist Girls’ School (Primary), Xinghua Primary, Rosyth School, Holy Innocents Primary, Montfort Junior School and Zhonghua Primary School.
Amenities-wise, residents can enjoy shopping at Heartland Mall Kovan or NEX at Serangoon just one train stop away. Food enthusiasts can indulge themselves in the myriad food options around Lola’s Cafe or Ponggol Nasi Lemak. Furthermore, upcoming developments such as Paya Lebar Airbase redevelopment slated for completion in the 2030s will bring more lifestyle hubs into the area.
On the other hand, some may consider the lack of green spaces around Kovan Jewel as a downside; however nature enthusiasts can still explore parks such as Surin Avenue Neighbourhood Park or Coney Island at Punggol with a short drive.
