Richards Place, Kovan, North-east Region, Singapore
$7,780,000
***Newly Build D19 Freehold 3-Storey Terrace with Roof Terrace @ Kovan*** - Step into a beautifully crafted modern home that combines luxury, functionality, and future-ready design. Located in the highly sought-after Kovan enclave, this rare gem offers generous space, premium finishes, and exceptional comfort for multi-generational living. ***Property Highlights*** • Freehold 3-Storey Terrace with Roof Terrace • Land Size: 2,657 sqft (Rare for terrace houses!) • Built-Up Area: Approx. 6,361 sqft • TOP Obtained: April 2024 (Brand New Condition) ***Thoughtfully Designed for Modern Living*** • Bright and airy layout across all floors • 2 Air Wells providing excellent natural light & cross ventilation • Full-height sliding glass panels for seamless indoor-outdoor feel • Classic yet timeless interior finishes for dining and living areas ***Premium Kitchen & Dining Experience*** • Long, high-quality kitchen countertop – ideal for hosting • Premium induction stove, oven, and fittings • Custom-made 10-seater solid dining table & chairs included • Elegant and practical layout for family gatherings ***Quality Build & High-End Specifications*** • Full house finished with premium granite flooring • Top-tier German-brand sanitary fittings (toilets, basins, faucets) • Advanced SMART lighting system (German technology) • Solid classic wooden main door for a grand entrance ***Comfort & Future-Ready Features*** • Efficient cooling tower air-conditioning system • Designed with provision for future lift installation (all floors) • Structure allows easy extension for additional rooms • Durable RC sloped roof for long-term low maintenance ***A Rare Opportunity Not to Miss*** Enjoy the perfect blend of luxury, space, and future flexibility in a prime Kovan location. Ideal for families seeking a modern home with long-term value and expansion potential. ***Arrange Your Exclusive Viewing Today! This is a rare large-land terrace— don’t miss your chance to own it.
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Total Transactions
10
Average Price
S1.1M
Total Value
S11.0M
Calculating fair value from URA transaction data…


License: L3009250K
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Automated Valuation based on 116 HDB resale transactions (data.gov.sg)
Fair Value
S$4.64M
S$729 psf
Asking Price
S$7.78M
S$2,928 psf
vs Market
+67.7%
vs Last Done
+286.8%
Tenure
75 yrs
99-year Leasehold · Balance remaining
Confidence
High
116 comps
Nearest MRT
Kovan
479m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
116 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
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$729
Recent Comparable Transactions
10 shown · 116 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJan 2026 | Blk 321 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,190,000 | ▲S$757 +3.8% vs FV | 99yr from 1986 |
Jan 2026 | Blk 321 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,190,000 | ▲S$757 +3.8% vs FV | 99yr from 1986 |
Dec 2025 | Blk 321 SERANGOON AVE 2 Floor 04 TO 06 | 1,582sqft | S$1,200,000 | ▲S$758 +4.0% vs FV | 99yr from 1986 |
Nov 2025 | Blk 319 SERANGOON AVE 2 Floor 10 TO 12 | 1,572sqft | S$1,198,000 | ▲S$762 +4.5% vs FV | 99yr from 1985 |
Sep 2025 | Blk 321 SERANGOON AVE 2 Floor 07 TO 09 | 1,572sqft | S$1,195,000 | ▲S$760 +4.3% vs FV | 99yr from 1986 |
Sep 2025 | Blk 318 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,050,000 | ▼S$668 -8.4% vs FV | 99yr from 1985 |
Jul 2025 | Blk 321 SERANGOON AVE 2 Floor 07 TO 09 | 1,615sqft | S$1,050,000 | ▼S$650 -10.8% vs FV | 99yr from 1986 |
Jun 2025 | Blk 317 SERANGOON AVE 2 Floor 10 TO 12 | 1,604sqft | S$1,180,000 | ▲S$736 +1.0% vs FV | 99yr from 1985 |
Apr 2025 | Blk 316 SERANGOON AVE 2 Floor 01 TO 03 | 1,679sqft | S$1,236,000 | ▲S$736 +1.0% vs FV | 99yr from 1984 |
Apr 2025 | Blk 318 SERANGOON AVE 2 Floor 04 TO 06 | 1,604sqft | S$1,268,000 | ▲S$791 +8.5% vs FV | 99yr from 1985 |
Apr 2025 | Blk 317 SERANGOON AVE 2 Floor 10 TO 12 | 1,625sqft | S$1,170,000 | ▼S$720 -1.2% vs FV | 99yr from 1985 |
Blk 321 SERANGOON AVE 2
Jan 2026 · Floor 01 TO 03
+3.8% vs FV
Blk 321 SERANGOON AVE 2
Jan 2026 · Floor 01 TO 03
+3.8% vs FV
Blk 321 SERANGOON AVE 2
Dec 2025 · Floor 04 TO 06
+4.0% vs FV
Blk 319 SERANGOON AVE 2
Nov 2025 · Floor 10 TO 12
+4.5% vs FV
Blk 321 SERANGOON AVE 2
Sep 2025 · Floor 07 TO 09
+4.3% vs FV
Blk 318 SERANGOON AVE 2
Sep 2025 · Floor 01 TO 03
-8.4% vs FV
Blk 321 SERANGOON AVE 2
Jul 2025 · Floor 07 TO 09
-10.8% vs FV
Blk 317 SERANGOON AVE 2
Jun 2025 · Floor 10 TO 12
+1.0% vs FV
Blk 316 SERANGOON AVE 2
Apr 2025 · Floor 01 TO 03
+1.0% vs FV
Blk 318 SERANGOON AVE 2
Apr 2025 · Floor 04 TO 06
+8.5% vs FV
Blk 317 SERANGOON AVE 2
Apr 2025 · Floor 10 TO 12
-1.2% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive property located in Serangoon, with a remaining lease of 75 years, is estimated at $4,638,588, translating to a price per square foot (PSF) of $729. This valuation positions the property significantly above the market average, exhibiting a remarkable 67.7% difference from the baseline. Such a premium valuation suggests that the property is not only desirable but also reflects the current market dynamics wherein buyers are willing to pay a premium for well-located and spacious HDB units.
Our analysis is grounded in a comprehensive review of 116 recent HDB resale transactions in the vicinity, which reinforces our model's confidence level as high. The report underscores the ongoing demand for executive HDBs in Serangoon, a district known for its robust connectivity and vibrant community. The sustained interest in this property type, combined with the diminishing supply of long-lease HDBs, positions this executive unit as a strategic investment for discerning buyers looking to capitalize on Singapore's dynamic real estate market.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.