Simon Road, Kovan, North-east Region, Singapore
$6,499,999
Brand New Freehold Terrace with Private Lift in Prime Kovan Nestled along Simon Lane, Kovan, this brand new 3.5-storey freehold terrace offers the perfect blend of modern comfort and everyday convenience. Sitting on approximately 1,600 sq ft of land with an estimated 5,110 sq ft of built-up space, the home is thoughtfully designed with 6 spacious bedrooms and 7 bathrooms, all filled with natural light. A private home lift ensures seamless accessibility across all levels—ideal for multi-generational living and long-term comfort. Located just minutes from Heartland Mall, Hougang Mall, Cold Storage, and NTUC FairPrice, everything you need is right at your doorstep. Estimated TOP: Dec 2025 / Jan 2026 This is a rare chance to secure a brand new freehold landed home in the highly sought-after Kovan enclave, where lifestyle convenience meets enduring value. Schedule your exclusive viewing today and experience this exceptional home firsthand.
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Total Transactions
6
Average Price
S4.5M
Total Value
S27.2M
Calculating fair value from URA transaction data…
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Automated Valuation based on 116 HDB resale transactions (data.gov.sg)
Fair Value
S$3.73M
S$730 psf
Asking Price
S$6.50M
S$4,062 psf
vs Market
+74.1%
vs Last Done
+608.9%
Tenure
75 yrs
99-year Leasehold · Balance remaining
Confidence
High
116 comps
Nearest MRT
Kovan
199m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
116 comparable transactions
S$663
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.050
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$730
Recent Comparable Transactions
10 shown · 116 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMay 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 04 TO 06 | 1,615sqft | S$925,000 | ▼S$573 -21.5% vs FV | 99yr from 1986 |
May 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 04 TO 06 | 1,615sqft | S$925,000 | ▼S$573 -21.5% vs FV | 99yr from 1986 |
Apr 2026 | Blk 232A SERANGOON AVE 2 Floor 10 TO 12 | 1,518sqft | S$1,130,000 | ▲S$745 +2.1% vs FV | 99yr from 1998 |
Apr 2026 | Blk 526 SERANGOON NTH AVE 4 Floor 10 TO 12 | 1,582sqft | S$1,120,000 | ▼S$708 -3.0% vs FV | 99yr from 1992 |
Mar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▼S$662 -9.3% vs FV | 99yr from 1989 |
Mar 2026 | Blk 535 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$980,000 | ▼S$611 -16.3% 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 +1.1% 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 +7.4% 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 -12.6% 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 -11.2% vs FV | 99yr from 1992 |
Feb 2026 | Blk 234A SERANGOON AVE 2 Floor 16 TO 18 | 1,507sqft | S$1,228,000 | ▲S$815 +11.6% vs FV | 99yr from 1998 |
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
-21.5% vs FV
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
-21.5% vs FV
Blk 232A SERANGOON AVE 2
Apr 2026 · Floor 10 TO 12
+2.1% vs FV
Blk 526 SERANGOON NTH AVE 4
Apr 2026 · Floor 10 TO 12
-3.0% vs FV
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-9.3% vs FV
Blk 535 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-16.3% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+1.1% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+7.4% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 01 TO 03
-12.6% vs FV
Blk 542 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-11.2% vs FV
Blk 234A SERANGOON AVE 2
Feb 2026 · Floor 16 TO 18
+11.6% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive in Serangoon, with a remaining lease of 75 years, has been meticulously assessed at an estimated value of $3,732,517, translating to a price per square foot (PSF) of $730. This valuation not only reflects the property’s intrinsic appeal but also positions it significantly above the market baseline, with a remarkable 74.1% difference. Such a premium valuation underscores the robustness of the local real estate market, particularly in the context of the HDB segment, where demand continues to outpace supply.
The high model confidence level, supported by a comprehensive analysis of 116 recent HDB resale transactions in the vicinity, reinforces the credibility of this valuation. The dynamic market signals indicate a strong appetite for executive HDB flats in Serangoon, a locality known for its strategic accessibility and vibrant community amenities. As urban development progresses and the demand for spacious, well-located public housing increases, properties with longer remaining leases like this one are likely to experience sustained interest from potential buyers, further enhancing their market value.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.