Hillside Drive, Kovan, North-east Region, Singapore
$18,800,000
An exceptional opportunity to acquire a large original detached plot in a quiet and established Kovan landed enclave. Ideal for own stay rebuilding or boutique redevelopment potential. Key Details - Plot Ratio 1.4 - Elevated land with open outlook - Development Potential - Regular and sizable land plot - Non landed zoning - Potential to redevelop into a boutique apartment development of up to approximately 20 units (subject to approval) Location and Connectivity - Short drive to Kovan MRT and Serangoon MRT Interchange (Circle Line and North East Line) - Easy access to major roads and expressways - Well connected to town and city via public transport Nearby Amenities - Serangoon Garden MyVillage - NEX Mega Mall - Heartland Mall - Serangoon Garden Country Club - Wide selection of dining, supermarkets, and lifestyle amenities nearby Schools Within Close Proximity - Zhonghua Primary School - PLMGS - Rosyth School - Maris Stella High School Why This Property - Rare large land size in Kovan - Elevated terrain with breezy environment - Quiet and serene neighbourhood - Strong redevelopment and long term value potential - Suitable for family legacy home or developers seeking boutique opportunities Contact John Tan 9633843one for exclusive details and viewing arrangement.
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Total Transactions
8
Average Price
S1.2M
Total Value
S9.6M
Calculating fair value from URA transaction data…
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Automated Valuation based on 116 HDB resale transactions (data.gov.sg)
Fair Value
S$10.70M
S$696 psf
Asking Price
S$18.80M
S$1,222 psf
vs Market
+75.7%
vs Last Done
+113.3%
Tenure
75 yrs
99-year Leasehold · Balance remaining
Confidence
High
116 comps
Nearest MRT
Kovan
1131m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
116 comparable transactions
S$663
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.050
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$696
Recent Comparable Transactions
10 shown · 116 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMay 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 04 TO 06 | 1,615sqft | S$925,000 | ▼S$573 -17.7% vs FV | 99yr from 1986 |
May 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 04 TO 06 | 1,615sqft | S$925,000 | ▼S$573 -17.7% vs FV | 99yr from 1986 |
Apr 2026 | Blk 232A SERANGOON AVE 2 Floor 10 TO 12 | 1,518sqft | S$1,130,000 | ▲S$745 +7.0% vs FV | 99yr from 1998 |
Apr 2026 | Blk 526 SERANGOON NTH AVE 4 Floor 10 TO 12 | 1,582sqft | S$1,120,000 | ▲S$708 +1.7% vs FV | 99yr from 1992 |
Mar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▼S$662 -4.9% vs FV | 99yr from 1989 |
Mar 2026 | Blk 535 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$980,000 | ▼S$611 -12.2% vs FV | 99yr from 1992 |
Mar 2026 | Blk 519 SERANGOON NTH AVE 4 Floor 07 TO 09 | 1,582sqft | S$1,168,168 | ▲S$738 +6.0% vs FV | 99yr from 1992 |
Mar 2026 | Blk 519 SERANGOON NTH AVE 4 Floor 07 TO 09 | 1,582sqft | S$1,240,000 | ▲S$784 +12.6% vs FV | 99yr from 1992 |
Mar 2026 | Blk 542 SERANGOON NTH AVE 4 Floor 01 TO 03 | 1,582sqft | S$1,010,000 | ▼S$638 -8.3% vs FV | 99yr from 1992 |
Mar 2026 | Blk 542 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$1,040,000 | ▼S$648 -6.9% vs FV | 99yr from 1992 |
Feb 2026 | Blk 234A SERANGOON AVE 2 Floor 16 TO 18 | 1,507sqft | S$1,228,000 | ▲S$815 +17.1% vs FV | 99yr from 1998 |
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
-17.7% vs FV
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
-17.7% vs FV
Blk 232A SERANGOON AVE 2
Apr 2026 · Floor 10 TO 12
+7.0% vs FV
Blk 526 SERANGOON NTH AVE 4
Apr 2026 · Floor 10 TO 12
+1.7% vs FV
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-4.9% vs FV
Blk 535 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-12.2% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+6.0% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+12.6% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 01 TO 03
-8.3% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-6.9% vs FV
Blk 234A SERANGOON AVE 2
Feb 2026 · Floor 16 TO 18
+17.1% vs FV
HELIOS AI Analysis
The HDB Executive unit located in Serangoon, with a remaining lease of 75 years, has been appraised at an estimated value of $10,701,205, translating to a remarkable $696 PSF. This valuation positions the property significantly above the market average, with a striking 75.7% difference from the baseline. Such a premium valuation is indicative of a robust demand for larger HDB units in this desirable locality, which is characterized by its strategic accessibility and vibrant community amenities.
The high model confidence rating underscores the reliability of this valuation, supported by an extensive analysis of 116 recent HDB resale transactions in the vicinity. This data reflects the prevailing market dynamics, where buyers are increasingly drawn to the Serangoon area due to its favorable living conditions and proximity to essential services. With the remaining lease of 75 years, this property not only offers a secure investment opportunity but also aligns with the growing trend of families seeking spacious and well-located homes in Singapore's competitive real estate landscape.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.