Can rebuild up to 5 storeys home for multi-generation or even rebuild into 20 units of apartment units! Discover the possibilities of rebuilding into a home of your dream! This huge piece of land is now available for Sales, offering a generous living space of estimated 4500sqft in size. 999-Year Detached Land Near Kovan & Serangoon MRT Large Elevated Plot | Redevelopment Potential Rare Opportunity for Legacy Home or Boutique Development Property Overview An exceptional opportunity to acquire a large original detached land situated within a quiet and established Kovan landed enclave. Ideal for: Rebuilding a multi-generation legacy home, or Boutique redevelopment opportunity (subject to authority approval) Key Land Details - 999-Year Tenure - Plot Ratio: 1.4 - Elevated land with open and breezy outlook - Regular and sizeable land configuration - Non-landed zoning - Potential to redevelop into a boutique apartment development of up to approximately 20 units (subject to authority approval) Location & Connectivity • Short drive to Kovan MRT and Serangoon MRT Interchange • Access to Circle Line & North-East Line • Well-connected to city and town via major roads and expressways • Excellent public transport accessibility Nearby Amenities > Serangoon Garden – MyVillage > NEX Mega Mall > Heartland Mall > Serangoon Garden Country Club > Wide selection of dining, supermarkets, and lifestyle amenities nearby Schools Within Close Proximity ☆ Zhonghua Primary School ☆ Paya Lebar Methodist Girls’ School (PLMGS) ☆ Rosyth School ☆ Maris Stella High School Why This Property? > Rare large 999-year landholding in Kovan > Elevated terrain with a tranquil and breezy environment > Quiet, low-density landed neighbourhood > Strong redevelopment upside and long-term value Suitable for family legacy buyers or developers seeking boutique projects For more details and viewing arrangements, contact Hazel Teo at 8859XXXX.
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Total Transactions
8
Average Price
S1.2M
Total Value
S9.6M
Calculating fair value from URA transaction data…


License: L3008022J
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Automated Valuation based on 117 HDB resale transactions (data.gov.sg)
Fair Value
S$3.13M
S$695 psf
Asking Price
S$15.00M
S$975 psf
vs Market
+379.9%
vs Last Done
+47.3%
Tenure
75 yrs
99-year Leasehold · Balance remaining
Confidence
High
117 comps
Nearest MRT
Kovan
1131m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
117 comparable transactions
S$661
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.050
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$695
Recent Comparable Transactions
10 shown · 117 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 -4.7% vs FV | 99yr from 1989 |
Mar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▼S$662 -4.7% vs FV | 99yr from 1989 |
Mar 2026 | Blk 519 SERANGOON NTH AVE 4 Floor 07 TO 09 | 1,582sqft | S$1,168,168 | ▲S$738 +6.2% vs FV | 99yr from 1992 |
Mar 2026 | Blk 535 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$980,000 | ▼S$611 -12.1% 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 +12.8% vs FV | 99yr from 1992 |
Feb 2026 | Blk 234A SERANGOON AVE 2 Floor 16 TO 18 | 1,507sqft | S$1,228,000 | ▲S$815 +17.3% vs FV | 99yr from 1998 |
Jan 2026 | Blk 321 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,190,000 | ▲S$757 +8.9% vs FV | 99yr from 1986 |
Jan 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 01 TO 03 | 1,615sqft | S$888,000 | ▼S$550 -20.9% vs FV | 99yr from 1986 |
Jan 2026 | Blk 543 SERANGOON NTH AVE 3 Floor 10 TO 12 | 1,496sqft | S$1,050,000 | ▲S$702 +1.0% vs FV | 99yr from 1997 |
Jan 2026 | Blk 537 SERANGOON NTH AVE 4 Floor 04 TO 06 | 1,604sqft | S$1,145,000 | ▲S$714 +2.7% 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 +1.4% vs FV | 99yr from 1992 |
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-4.7% vs FV
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-4.7% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+6.2% vs FV
Blk 535 SERANGOON NTH AVE 4
Mar 2026 · Floor 04 TO 06
-12.1% vs FV
Blk 519 SERANGOON NTH AVE 4
Mar 2026 · Floor 07 TO 09
+12.8% vs FV
Blk 234A SERANGOON AVE 2
Feb 2026 · Floor 16 TO 18
+17.3% vs FV
Blk 321 SERANGOON AVE 2
Jan 2026 · Floor 01 TO 03
+8.9% vs FV
Blk 125 SERANGOON NTH AVE 1
Jan 2026 · Floor 01 TO 03
-20.9% vs FV
Blk 543 SERANGOON NTH AVE 3
Jan 2026 · Floor 10 TO 12
+1.0% vs FV
Blk 537 SERANGOON NTH AVE 4
Jan 2026 · Floor 04 TO 06
+2.7% vs FV
Blk 506 SERANGOON NTH AVE 4
Jan 2026 · Floor 13 TO 15
+1.4% vs FV
HELIOS AI Analysis
The recent valuation of the HDB Executive unit in Serangoon, with a remaining lease of 75 years, stands at an estimated value of $3,125,521 or $695 PSF. This valuation is notably positioned above the market average, reflecting a striking 379.9% difference from the baseline, suggesting robust demand in the locality. Such a premium valuation indicates a strong investor sentiment, underpinned by the area's desirability and the unique features of the property type.
Analysis of the recent market dynamics reveals a high model confidence based on 117 HDB resale transactions in the vicinity. The sustained interest in Serangoon can be attributed to various factors, including its strategic location, accessibility to amenities, and a well-established community infrastructure. As the market continues to evolve, properties with substantial remaining leases, such as this executive HDB, are likely to attract discerning buyers who are willing to invest in long-term residential solutions. This trend emphasizes the importance of understanding lease duration in conjunction with market values, particularly in a vibrant real estate landscape like Singapore.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.