38 Kovan Rise 544727, Kovan, North-east Region, Singapore
$3,500 /month
Discover your new home in this charming 1+ Study Penthouse for rent, available now! Total of 990sqft with roof terrace. Built in area of 592sqft. This unit features a kitchen, a cozy living area with a sofa, and open concept bedroom as well as an enclosed study room. The condo complex boasts fantastic amenities including a refreshing lap pool, a well-equipped gymnasium room, BBQ pits for weekend gatherings, and a clubhouse for social events. Enjoy the convenience of nearby amenities, including Kovan MRT station just 0.4 km away, making commuting a breeze. For your daily needs, NTUC FairPrice supermarket is only 0.5 km away, and Heartland Mall Kovan offers shopping and dining options just 0.3 km from your doorstep. Experience the perfect blend of convenience and luxury living in this vibrant neighborhood. Contact Carolyn for viewing
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
102
Average Price
S1.5M
Total Value
S151.7M
Calculating fair value from URA transaction data…


License: L3008022J
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Estimated sale value based on 80 URA transactions
Fair Value
S$1.26M
S$1,272 psf
Asking Price
S$3,500
S$4 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
88 yrs
99-year Leasehold · Balance remaining
Confidence
High
80 comps
Nearest MRT
Kovan
372m away · +3% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
80 comparable transactions
S$1,723
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.702
MRT Proximity
Within 500m / 1km
+3%
AI Condition Premium
HELIOS scan of listing description
+2%
Adjusted Fair Value PSF
S$1,272
Recent Comparable Transactions
10 shown · 80 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJun 2025 | KOVAN RISE Floor 11-15 | 1,055sqft | S$2,170,000 | ▲S$2,057 +61.7% vs FV | 99 yrs lease commencing from 2012 |
Jun 2025 | KOVAN RISE Floor 11-15 | 1,055sqft | S$2,170,000 | ▲S$2,057 +61.7% vs FV | 99 yrs lease commencing from 2012 |
May 2025 | KOVAN RISE Floor 11-15 | 506sqft | S$933,000 | ▲S$1,844 +45.0% vs FV | 99 yrs lease commencing from 2012 |
May 2025 | KOVAN RISE Floor 01-05 | 1,055sqft | S$1,935,000 | ▲S$1,834 +44.2% vs FV | 99 yrs lease commencing from 2012 |
May 2025 | KOVAN RISE Floor 01-05 | 646sqft | S$1,080,000 | ▲S$1,672 +31.4% vs FV | 99 yrs lease commencing from 2012 |
Apr 2025 | KOVAN RISE Floor 06-10 | 1,055sqft | S$1,980,000 | ▲S$1,877 +47.6% vs FV | 99 yrs lease commencing from 2012 |
Mar 2025 | KOVAN RISE Floor 01-05 | 1,001sqft | S$1,670,000 | ▲S$1,668 +31.1% vs FV | 99 yrs lease commencing from 2012 |
Mar 2025 | KOVAN RISE Floor 11-15 | 592sqft | S$1,000,000 | ▲S$1,689 +32.8% vs FV | 99 yrs lease commencing from 2012 |
Jan 2025 | KOVAN RISE Floor 01-05 | 506sqft | S$855,000 | ▲S$1,690 +32.9% vs FV | 99 yrs lease commencing from 2012 |
Dec 2024 | KOVAN RISE Floor 06-10 | 1,281sqft | S$2,400,000 | ▲S$1,874 +47.3% vs FV | 99 yrs lease commencing from 2012 |
Dec 2024 | KOVAN RISE Floor 06-10 | 1,055sqft | S$1,950,000 | ▲S$1,849 +45.4% vs FV | 99 yrs lease commencing from 2012 |
KOVAN RISE
Jun 2025 · Floor 11-15
+61.7% vs FV
KOVAN RISE
Jun 2025 · Floor 11-15
+61.7% vs FV
KOVAN RISE
May 2025 · Floor 11-15
+45.0% vs FV
KOVAN RISE
May 2025 · Floor 01-05
+44.2% vs FV
KOVAN RISE
May 2025 · Floor 01-05
+31.4% vs FV
KOVAN RISE
Apr 2025 · Floor 06-10
+47.6% vs FV
KOVAN RISE
Mar 2025 · Floor 01-05
+31.1% vs FV
KOVAN RISE
Mar 2025 · Floor 11-15
+32.8% vs FV
KOVAN RISE
Jan 2025 · Floor 01-05
+32.9% vs FV
KOVAN RISE
Dec 2024 · Floor 06-10
+47.3% vs FV
KOVAN RISE
Dec 2024 · Floor 06-10
+45.4% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.