Simon Place, Kovan, North-east Region, Singapore
$2,720,000
***STRATA LANDED FOR SALE*** - Sovereign @ Simon - 4 Ensuite Bedrooms - 2228sqft - Walking Distance To Kovan MRT - Nearby Amenities, Eateries, Hougang Mall, Kovan Market and Food Centre - Mins Drive To Bowen Secondary School, Xinmin Primary School, Xinmin Secondary School, Anderson Serangoon Junior College Call Jess Now @ 8828XXXX(Hp) To Arrange For An Exclusive Viewing!!! WELCOME, All Sellers, Buyers, Landlords and Tenants. My focus is to Listen to “CLIENTS’ NEEDS ANS DESIRES” and helping to bridge the gap of “BRINGING PEOPLE AND PROPERTIES TOGETHER.” CALL ME NOW @ 8828XXXX(HP) FOR A NON-OBLIGATION DISCUSSION!!!
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Total Transactions
2
Average Price
S2.9M
Total Value
S5.8M
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$1.58M
S$710 psf
Asking Price
S$2.72M
S$1,221 psf
vs Market
+72.1%
vs Last Done
+84.4%
Tenure
82 yrs
99-year Leasehold · Balance remaining
Confidence
High
116 comps
Nearest MRT
Kovan
646m away · +2% 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
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$710
Recent Comparable Transactions
10 shown · 116 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 -6.8% vs FV | 99yr from 1989 |
Mar 2026 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,040,000 | ▼S$662 -6.8% vs FV | 99yr from 1989 |
Dec 2025 | Blk 424 SERANGOON CTRL Floor 07 TO 09 | 1,572sqft | S$1,180,000 | ▲S$751 +5.8% vs FV | 99yr from 1989 |
May 2025 | Blk 424 SERANGOON CTRL Floor 07 TO 09 | 1,604sqft | S$1,200,000 | ▲S$748 +5.4% vs FV | 99yr from 1989 |
Apr 2025 | Blk 424 SERANGOON CTRL Floor 07 TO 09 | 1,572sqft | S$1,190,000 | ▲S$757 +6.6% vs FV | 99yr from 1989 |
Mar 2025 | Blk 418 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,099,000 | ▼S$699 -1.5% vs FV | 99yr from 1989 |
Sep 2024 | Blk 424 SERANGOON CTRL Floor 10 TO 12 | 1,604sqft | S$1,100,000 | ▼S$686 -3.4% vs FV | 99yr from 1989 |
Jun 2024 | Blk 424 SERANGOON CTRL Floor 01 TO 03 | 1,572sqft | S$1,000,000 | ▼S$636 -10.4% vs FV | 99yr from 1989 |
Jun 2024 | Blk 418 SERANGOON CTRL Floor 10 TO 12 | 1,604sqft | S$1,230,000 | ▲S$767 +8.0% vs FV | 99yr from 1989 |
May 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 04 TO 06 | 1,615sqft | S$925,000 | ▼S$573 -19.3% vs FV | 99yr from 1986 |
Apr 2026 | Blk 232A SERANGOON AVE 2 Floor 10 TO 12 | 1,518sqft | S$1,130,000 | ▲S$745 +4.9% vs FV | 99yr from 1998 |
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-6.8% vs FV
Blk 424 SERANGOON CTRL
Mar 2026 · Floor 01 TO 03
-6.8% vs FV
Blk 424 SERANGOON CTRL
Dec 2025 · Floor 07 TO 09
+5.8% vs FV
Blk 424 SERANGOON CTRL
May 2025 · Floor 07 TO 09
+5.4% vs FV
Blk 424 SERANGOON CTRL
Apr 2025 · Floor 07 TO 09
+6.6% vs FV
Blk 418 SERANGOON CTRL
Mar 2025 · Floor 01 TO 03
-1.5% vs FV
Blk 424 SERANGOON CTRL
Sep 2024 · Floor 10 TO 12
-3.4% vs FV
Blk 424 SERANGOON CTRL
Jun 2024 · Floor 01 TO 03
-10.4% vs FV
Blk 418 SERANGOON CTRL
Jun 2024 · Floor 10 TO 12
+8.0% vs FV
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
-19.3% vs FV
Blk 232A SERANGOON AVE 2
Apr 2026 · Floor 10 TO 12
+4.9% vs FV
HELIOS AI Analysis
The HDB Executive unit in Serangoon, with a remaining lease of 82 years, presents a noteworthy valuation of $1,580,909, translating to $710 PSF. This estimated value positions the property significantly above the market baseline, showcasing a remarkable 72.1% difference. Such a premium valuation underscores the strength of the Serangoon precinct, which is characterized by its robust demand for HDB units, particularly in the executive segment.
Analysis of recent market trends reveals a high model confidence level in this valuation, supported by a comprehensive dataset derived from 116 recent HDB resale transactions in the vicinity. The enduring appeal of Serangoon can be attributed to its strategic location, accessibility to amenities, and the quality of living it offers, thereby enhancing the desirability of properties within this area. As the landscape of Singapore's real estate market continues to evolve, this executive HDB unit stands out as an exceptional investment opportunity, reflective of the broader dynamics influencing HDB values across the nation.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.