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Condo prices · D19

Park Residences Kovan

Upper Serangoon Road · D19 · Outside central region · Apartment

The median sale at Park Residences Kovan was $641,191 — $1,805 psf — across 10 transactions between Nov 2021 and July 2025. Freehold.

Figures here are based on 10 sales.

Median price
$641,191
10 sales in the window.
Median per sq ft
$1,805 psf
Median unit 355 sq ft.
Lease remaining
Freehold
Freehold

Park Residences Kovan saw zero sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

Park Residences Kovan is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021two sales$1807
  • 2022two sales$1766
  • 2023three sales$1802
  • 2024one sale$1914
  • 2025two sales$1862
Show the figures
YearMedian pricePer sq ftSales
2021$612,500$1,807 psf2
2022$627,191$1,766 psf2
2023$650,000$1,802 psf3
2024$680,000$1,914 psf1
2025$661,500$1,862 psf2

What it rents for

URA’s median of rental contracts lodged at Park Residences Kovan in 2025Q3, per square foot per month.

Median rent per sq ft
$7.60
A month. Middle half of contracts ran $7.36 to $7.71.
Gross yield
5.05%
A year of median rent against the median sale price.
Median sale per sq ft
$1,805 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D19

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.