Florence Road, Kovan, North-east Region, Singapore
$5,500,000
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Total Transactions
2
Average Price
S1.7M
Total Value
S3.5M
Calculating fair value from URA transaction data…


License: L3009250K
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Automated Valuation based on 52 HDB resale transactions (data.gov.sg) · 1 outliers removed (IQR)
Fair Value
S$1.91M
S$638 psf
Asking Price
S$5.50M
S$1,550 psf
vs Market
+187.4%
vs Last Done
+118.9%
Tenure
66 yrs
99-year Leasehold · Balance remaining
Confidence
High
52 comps
Nearest MRT
Kovan
372m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
52 comparable transactions
S$644
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$638
Recent Comparable Transactions
10 shown · 52 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 +11.0% 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 +11.0% vs FV | 99yr from 1992 |
Mar 2026 | Blk 535 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$980,000 | ▼S$611 -4.2% 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 +15.7% 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 +1.6% 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 0.0% 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 +11.9% 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 +10.5% 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 -0.5% 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 +7.1% vs FV | 99yr from 1992 |
Nov 2025 | Blk 539 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,582sqft | S$975,888 | ▼S$617 -3.3% vs FV | 99yr from 1992 |
Blk 526 SERANGOON NTH AVE 4
Apr 2026 · Floor 10 TO 12
+11.0% vs FV
Blk 526 SERANGOON NTH AVE 4
Apr 2026 · Floor 10 TO 12
+11.0% vs FV
Blk 535 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-4.2% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+15.7% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
+1.6% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 01 TO 03
0.0% vs FV
Blk 537 SERANGOON NTH AVE 4
Jan 2026 · Floor 04 TO 06
+11.9% vs FV
Blk 506 SERANGOON NTH AVE 4
Jan 2026 · Floor 13 TO 15
+10.5% vs FV
Blk 519 SERANGOON NTH AVE 4
Jan 2026 · Floor 01 TO 03
-0.5% vs FV
Blk 520 SERANGOON NTH AVE 4
Dec 2025 · Floor 07 TO 09
+7.1% vs FV
Blk 539 SERANGOON NTH AVE 4
Nov 2025 · Floor 04 TO 06
-3.3% 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 $1,913,648, translating to $638 PSF. This figure positions the property significantly above the market baseline, reflecting a remarkable 187.4% difference. Such a premium valuation indicates strong buyer sentiment and demand within this sought-after locale, which is supported by recent trends in the HDB resale market.
Analysis of 52 recent HDB resale transactions in the vicinity reinforces the model's high confidence in this valuation. The continued desirability of Serangoon as a residential hub, coupled with the limited availability of executive HDB units, contributes to the upward pressure on prices. The remaining lease of 66 years is still favorable, as it allows potential buyers ample time to enjoy the property before lease considerations become a concern. Overall, this valuation is indicative of robust market dynamics, where demand consistently outpaces supply in this region.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.