Florence Road, Kovan, North-east Region, Singapore
$25,000,000
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Total Transactions
5
Average Price
S3.6M
Total Value
S17.9M
Calculating fair value from URA transaction data…


License: L3008899K
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Automated Valuation based on 49 HDB resale transactions (data.gov.sg)
Fair Value
S$3.45M
S$575 psf
Asking Price
S$25.00M
S$2,230 psf
vs Market
+624.8%
vs Last Done
+236.9%
Tenure
59 yrs
99-year Leasehold · Balance remaining
Confidence
High
49 comps
Nearest MRT
Kovan
645m away · +2% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
49 comparable transactions
S$669
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.843
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$575
Recent Comparable Transactions
10 shown · 49 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▲S$662 +15.1% vs FV | 99yr from 1989 |
Mar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▲S$662 +15.1% vs FV | 99yr from 1989 |
Jan 2026 | Blk 321 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,190,000 | ▲S$757 +31.7% vs FV | 99yr from 1986 |
Jan 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 01 TO 03 | 1,615sqft | S$888,000 | ▼S$550 -4.3% vs FV | 99yr from 1986 |
Dec 2025 | Blk 321 SERANGOON AVE 2 Floor 04 TO 06 | 1,582sqft | S$1,200,000 | ▲S$758 +31.8% vs FV | 99yr from 1986 |
Dec 2025 | Blk 424 SERANGOON CTRL Floor 07 TO 09 | 1,572sqft | S$1,180,000 | ▲S$751 +30.6% vs FV | 99yr from 1989 |
Nov 2025 | Blk 319 SERANGOON AVE 2 Floor 10 TO 12 | 1,572sqft | S$1,198,000 | ▲S$762 +32.5% vs FV | 99yr from 1985 |
Sep 2025 | Blk 321 SERANGOON AVE 2 Floor 07 TO 09 | 1,572sqft | S$1,195,000 | ▲S$760 +32.2% vs FV | 99yr from 1986 |
Sep 2025 | Blk 318 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,050,000 | ▲S$668 +16.2% vs FV | 99yr from 1985 |
Aug 2025 | Blk 125 SERANGOON NTH AVE 1 Floor 10 TO 12 | 1,668sqft | S$975,000 | ▲S$584 +1.6% vs FV | 99yr from 1986 |
Aug 2025 | Blk 138 SERANGOON NTH AVE 2 Floor 01 TO 03 | 1,572sqft | S$985,000 | ▲S$627 +9.0% vs FV | 99yr from 1989 |
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
+15.1% vs FV
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
+15.1% vs FV
Blk 321 SERANGOON AVE 2
Jan 2026 · Floor 01 TO 03
+31.7% vs FV
Blk 125 SERANGOON NTH AVE 1
Jan 2026 · Floor 01 TO 03
-4.3% vs FV
Blk 321 SERANGOON AVE 2
Dec 2025 · Floor 04 TO 06
+31.8% vs FV
Blk 424 SERANGOON CTRL
Dec 2025 · Floor 07 TO 09
+30.6% vs FV
Blk 319 SERANGOON AVE 2
Nov 2025 · Floor 10 TO 12
+32.5% vs FV
Blk 321 SERANGOON AVE 2
Sep 2025 · Floor 07 TO 09
+32.2% vs FV
Blk 318 SERANGOON AVE 2
Sep 2025 · Floor 01 TO 03
+16.2% vs FV
Blk 125 SERANGOON NTH AVE 1
Aug 2025 · Floor 10 TO 12
+1.6% vs FV
Blk 138 SERANGOON NTH AVE 2
Aug 2025 · Floor 01 TO 03
+9.0% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive property located in Serangoon, with a remaining lease of 59 years, has been assessed at an estimated value of $3,449,106, translating to a price per square foot (PSF) of $575. This valuation positions the property significantly above market expectations, with a remarkable 624.8% difference from the baseline. Such a premium valuation indicates strong demand in this thriving neighborhood, underpinned by the area's robust amenities and connectivity, which continue to attract a diverse demographic of buyers.
The model confidence for this valuation is classified as high, based on an analysis of 49 recent HDB resale transactions in the vicinity. This high degree of confidence reflects not only the stability of the local market but also the ongoing desirability of Serangoon as a residential enclave. The combination of a substantial remaining lease and the current market dynamics further enhance the appeal of this property, making it a strategic investment for prospective homeowners and investors alike. As the HDB market continues to evolve, this property stands out as a prime example of the upward trajectory of values in sought-after locations.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.