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 at an estimated value of $1,098,221, translating to $637 PSF, reflects a stable position within the local market dynamics. With a remaining lease of 66 years, this property benefits from a substantial duration that appeals to both families and long-term investors, enhancing its attractiveness in a competitive resale market. The valuation indicates a market price that is consistent with the baseline, showcasing a 0% difference, which suggests equilibrium in supply and demand in this sought-after neighborhood.
Analyzing recent trends, the model's high confidence level is derived from a comprehensive review of 51 recent HDB resale transactions in the vicinity, indicating robust market activity that underpins this valuation. The consistent demand for HDB properties in Serangoon, known for its accessibility and amenities, positions this unit as a sound investment opportunity. As the market continues to mature, the combination of a favorable lease term and competitive pricing will likely maintain its appeal, ensuring that this property remains a valuable asset in the long term.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.