Hillside Drive, Kovan, North-east Region, Singapore
$18,800,000
Opportunities like this are increasingly hard to come by. Situated in Kovan within a well-established landed enclave, this property presents a compelling redevelopment opportunity for buyers looking to create a home tailored entirely to their own vision, or for developers seeking their next project. The existing structure is a detached house, but the true value lies in the land itself. With a regular plot shape and good frontage, the site offers strong potential for rebuilding into a modern residence that fits today’s lifestyle needs. Located within the Serangoon vicinity, the area is known for its mature surroundings, low-density environment, and enduring demand from families who value space, privacy, and accessibility. Residents here enjoy close proximity to: * Chomp Chomp Food Centre and Serangoon Gardens lifestyle cluster * Nex Shopping Mall and Serangoon MRT Interchange (North-East Line & Circle Line) * Reputable schools within the wider Serangoon and Hougang region * Easy connectivity to major expressways including CTE and KPE This is a location that has consistently held its appeal over time, supported by a strong landed housing profile and limited supply of redevelopment plots. For developers, the combination of land attributes and location positioning makes this a site worth evaluating. For homeowners, it is a rare chance to build a bespoke landed property in an established neighbourhood. Whether you are looking to redevelop, invest, or create a home for the long term, this is a plot with meaningful potential. Contact us for more details and to explore the possibilities this site has to offer.
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Total Transactions
8
Average Price
S1.2M
Total Value
S9.6M
Calculating fair value from URA transaction data…


License: L3008022J
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Automated Valuation based on 116 HDB resale transactions (data.gov.sg)
Fair Value
S$2.43M
S$694 psf
Asking Price
S$18.80M
S$1,222 psf
vs Market
+673.4%
vs Last Done
+72.6%
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$661
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$694
Recent Comparable Transactions
10 shown · 116 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneApr 2026 | Blk 526 SERANGOON NTH AVE 4 Floor 10 TO 12 | 1,582sqft | S$1,120,000 | ▲S$708 +2.0% vs FV | 99yr from 1992 |
Apr 2026 | Blk 526 SERANGOON NTH AVE 4 Floor 10 TO 12 | 1,582sqft | S$1,120,000 | ▲S$708 +2.0% vs FV | 99yr from 1992 |
Mar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▼S$662 -4.6% vs FV | 99yr from 1989 |
Mar 2026 | Blk 519 SERANGOON NTH AVE 4 Floor 07 TO 09 | 1,582sqft | S$1,168,168 | ▲S$738 +6.3% vs FV | 99yr from 1992 |
Mar 2026 | Blk 535 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$980,000 | ▼S$611 -12.0% 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 +13.0% 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 -6.6% 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 -8.1% vs FV | 99yr from 1992 |
Feb 2026 | Blk 234A SERANGOON AVE 2 Floor 16 TO 18 | 1,507sqft | S$1,228,000 | ▲S$815 +17.4% vs FV | 99yr from 1998 |
Jan 2026 | Blk 321 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,190,000 | ▲S$757 +9.1% vs FV | 99yr from 1986 |
Jan 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 01 TO 03 | 1,615sqft | S$888,000 | ▼S$550 -20.7% vs FV | 99yr from 1986 |
Blk 526 SERANGOON NTH AVE 4
Apr 2026 · Floor 10 TO 12
+2.0% vs FV
Blk 526 SERANGOON NTH AVE 4
Apr 2026 · Floor 10 TO 12
+2.0% vs FV
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-4.6% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+6.3% vs FV
Blk 535 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-12.0% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+13.0% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-6.6% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 01 TO 03
-8.1% vs FV
Blk 234A SERANGOON AVE 2
Feb 2026 · Floor 16 TO 18
+17.4% vs FV
Blk 321 SERANGOON AVE 2
Jan 2026 · Floor 01 TO 03
+9.1% vs FV
Blk 125 SERANGOON NTH AVE 1
Jan 2026 · Floor 01 TO 03
-20.7% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive apartment in Serangoon, with a remaining lease of 75 years, stands at an estimated value of $2,430,744, translating to a robust $694 per square foot (PSF). This assessment reflects a significant premium over the baseline market rate, marking an impressive 673.4% differential. Such a valuation underscores the desirability of the Serangoon area, characterized by its strategic location, comprehensive amenities, and strong community appeal. The high PSF value is indicative of an increasingly competitive market, where demand for spacious HDB units is outpacing supply.
Model confidence in this valuation is categorized as high, derived from a comprehensive analysis of 116 recent HDB resale transactions within the vicinity. The data indicates a strong upward trend in HDB prices, particularly for executive flats, which are becoming increasingly coveted among families seeking both space and quality living environments. The remaining lease of 75 years also plays a critical role in sustaining market interest, as it provides potential buyers with a substantial duration for ownership and investment. In summary, this valuation not only reflects the property's intrinsic value but also encapsulates the broader market dynamics within Singapore's thriving real estate landscape.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.