Florence Close, Kovan, North-east Region, Singapore
$6,500 /month
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Total Transactions
11
Average Price
S1.6M
Total Value
S18.1M
Calculating fair value from URA transaction data…
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Estimated sale value based on 51 HDB resale transactions (data.gov.sg) · 1 outliers removed (IQR)
Fair Value
S$1.10M
S$637 psf
Asking Price
S$6,500
S$4 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
66 yrs
99-year Leasehold · Balance remaining
Confidence
High
51 comps
Nearest MRT
Kovan
365m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
51 comparable transactions
S$643
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.943
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$637
Recent Comparable Transactions
10 shown · 51 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMar 2026 | Blk 519 SERANGOON NTH AVE 4 Floor 07 TO 09 | 1,582sqft | S$1,168,168 | ▲S$738 +15.9% 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 +15.9% vs FV | 99yr from 1992 |
Mar 2026 | Blk 535 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$980,000 | ▼S$611 -4.1% 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 +1.7% 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 +0.2% vs FV | 99yr from 1992 |
Jan 2026 | Blk 537 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$1,145,000 | ▲S$714 +12.1% vs FV | 99yr from 1992 |
Jan 2026 | Blk 506 SERANGOON NTH AVE 4 Floor 13 TO 15 | 1,604sqft | S$1,130,000 | ▲S$705 +10.7% vs FV | 99yr from 1992 |
Jan 2026 | Blk 519 SERANGOON NTH AVE 4 Floor 01 TO 03 | 1,582sqft | S$1,005,000 | ▼S$635 -0.3% vs FV | 99yr from 1992 |
Dec 2025 | Blk 520 SERANGOON NTH AVE 4 Floor 07 TO 09 | 1,582sqft | S$1,080,000 | ▲S$683 +7.2% vs FV | 99yr from 1992 |
Nov 2025 | Blk 539 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,582sqft | S$975,888 | ▼S$617 -3.1% vs FV | 99yr from 1992 |
Oct 2025 | Blk 525 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,582sqft | S$1,000,000 | ▼S$632 -0.8% vs FV | 99yr from 1992 |
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+15.9% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+15.9% vs FV
Blk 535 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-4.1% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
+1.7% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 01 TO 03
+0.2% vs FV
Blk 537 SERANGOON NTH AVE 4
Jan 2026 · Floor 04 TO 06
+12.1% vs FV
Blk 506 SERANGOON NTH AVE 4
Jan 2026 · Floor 13 TO 15
+10.7% vs FV
Blk 519 SERANGOON NTH AVE 4
Jan 2026 · Floor 01 TO 03
-0.3% vs FV
Blk 520 SERANGOON NTH AVE 4
Dec 2025 · Floor 07 TO 09
+7.2% vs FV
Blk 539 SERANGOON NTH AVE 4
Nov 2025 · Floor 04 TO 06
-3.1% vs FV
Blk 525 SERANGOON NTH AVE 4
Oct 2025 · Floor 04 TO 06
-0.8% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive unit in Serangoon, with a remaining lease of 66 years, stands at an estimated value of $1,098,221, translating to a price per square foot of $637. This pricing reflects the current market equilibrium, as indicated by a 0% difference from baseline, suggesting that the property is well-aligned with prevailing market conditions. The robust model confidence rating of High further reinforces the reliability of this valuation, providing stakeholders with an authoritative insight into the property's worth.
Analysis of the surrounding market dynamics reveals a strong demand for HDB properties in the Serangoon area, as evidenced by the evaluation of 51 recent HDB resale transactions in proximity. The sustained interest in this locale can be attributed to its strategic connectivity and vibrant community amenities, which enhance its desirability among buyers. Given the remaining lease of 66 years, this property not only offers a sound investment opportunity but also positions itself favorably within the broader HDB market landscape, promising potential appreciation in value as urban development continues to evolve in Singapore.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.