Leith Park, Kovan, North-east Region, Singapore
$8,000,000
FREEHOLD LANDED | HUGE 5,585 SQFT LAND | SERANGOON / KOVAN | REBUILD POTENTIAL Guide: $8M Leith Road | D19 Rare opportunity to own a large freehold landed property in the Serangoon / Kovan landed enclave. Perfect for rebuild, A&A, or own stay. Property Details • Freehold Terrace House • Land size: approx 5,585 sqft • Built-up: approx 3,090 sqft • Quiet landed neighbourhood • Huge redevelopment potential Large land parcels like this are rarely available Prime Location Close to major amenities and transport: MRT • Serangoon North MRT • Kovan MRT • Serangoon MRT Schools • Zhonghua Primary (within 1km) • Peicai Secondary • Bowen Secondary • Rosyth School Nearby Amenities • Serangoon Gardens • NTUC FairPrice • Cold Storage • Cafes & eateries ⸻ Why Buyers Like This Large 5,585 sqft land size Freehold landed Excellent redevelopment potential Good long-term capital appreciation Call / WhatsApp for viewing.
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Total Transactions
1
Average Price
S2.7M
Total Value
S2.7M
Calculating fair value from URA transaction data…
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Automated Valuation based on 38 HDB resale transactions (data.gov.sg)
Fair Value
S$1.64M
S$532 psf
Asking Price
S$8.00M
S$1,432 psf
vs Market
+387.1%
vs Last Done
+149.9%
Tenure
56 yrs
99-year Leasehold · Balance remaining
Confidence
High
38 comps
Nearest MRT
Kovan
1204m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
38 comparable transactions
S$664
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.800
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$532
Recent Comparable Transactions
10 shown · 38 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 +7.7% vs FV | 99yr from 1986 |
May 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 04 TO 06 | 1,615sqft | S$925,000 | ▲S$573 +7.7% vs FV | 99yr from 1986 |
Jan 2026 | Blk 321 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,190,000 | ▲S$757 +42.3% vs FV | 99yr from 1986 |
Jan 2026 | Blk 125 SERANGOON NTH AVE 1 Floor 01 TO 03 | 1,615sqft | S$888,000 | ▲S$550 +3.4% vs FV | 99yr from 1986 |
Dec 2025 | Blk 321 SERANGOON AVE 2 Floor 04 TO 06 | 1,582sqft | S$1,200,000 | ▲S$758 +42.5% vs FV | 99yr from 1986 |
Nov 2025 | Blk 319 SERANGOON AVE 2 Floor 10 TO 12 | 1,572sqft | S$1,198,000 | ▲S$762 +43.2% vs FV | 99yr from 1985 |
Sep 2025 | Blk 321 SERANGOON AVE 2 Floor 07 TO 09 | 1,572sqft | S$1,195,000 | ▲S$760 +42.9% vs FV | 99yr from 1986 |
Sep 2025 | Blk 318 SERANGOON AVE 2 Floor 01 TO 03 | 1,572sqft | S$1,050,000 | ▲S$668 +25.6% vs FV | 99yr from 1985 |
Aug 2025 | Blk 125 SERANGOON NTH AVE 1 Floor 10 TO 12 | 1,668sqft | S$975,000 | ▲S$584 +9.8% vs FV | 99yr from 1986 |
Jul 2025 | Blk 321 SERANGOON AVE 2 Floor 07 TO 09 | 1,615sqft | S$1,050,000 | ▲S$650 +22.2% vs FV | 99yr from 1986 |
Jul 2025 | Blk 142 SERANGOON NTH AVE 1 Floor 01 TO 03 | 1,625sqft | S$1,058,000 | ▲S$651 +22.4% vs FV | 99yr from 1986 |
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
+7.7% vs FV
Blk 125 SERANGOON NTH AVE 1
May 2026 · Floor 04 TO 06
+7.7% vs FV
Blk 321 SERANGOON AVE 2
Jan 2026 · Floor 01 TO 03
+42.3% vs FV
Blk 125 SERANGOON NTH AVE 1
Jan 2026 · Floor 01 TO 03
+3.4% vs FV
Blk 321 SERANGOON AVE 2
Dec 2025 · Floor 04 TO 06
+42.5% vs FV
Blk 319 SERANGOON AVE 2
Nov 2025 · Floor 10 TO 12
+43.2% vs FV
Blk 321 SERANGOON AVE 2
Sep 2025 · Floor 07 TO 09
+42.9% vs FV
Blk 318 SERANGOON AVE 2
Sep 2025 · Floor 01 TO 03
+25.6% vs FV
Blk 125 SERANGOON NTH AVE 1
Aug 2025 · Floor 10 TO 12
+9.8% vs FV
Blk 321 SERANGOON AVE 2
Jul 2025 · Floor 07 TO 09
+22.2% vs FV
Blk 142 SERANGOON NTH AVE 1
Jul 2025 · Floor 01 TO 03
+22.4% vs FV
HELIOS AI Analysis
The valuation of the HDB Executive property in Serangoon, with a remaining lease of 56 years, reflects a robust market performance, positioning it at an estimated value of $1,642,496, which translates to a commendable $532 per square foot. This valuation is notably above the market average, showcasing a remarkable 387.1% difference from the baseline. Such a premium suggests a strong demand for properties in this area, driven by various market dynamics including location desirability, proximity to amenities, and overall urban development in Serangoon.
With a high model confidence rating based on an analysis of 38 recent HDB resale transactions in the vicinity, this valuation is underpinned by concrete data, indicating a stable and appreciating market segment. The remaining lease of 56 years, while a consideration, does not seem to deter buyer interest, as the property’s strategic location and the overall attractiveness of the Serangoon enclave continue to fuel competitive bidding among potential buyers. This trend underscores the resilience of the HDB market in Singapore, particularly in vibrant districts like Serangoon, which are increasingly sought after for their community lifestyle and accessibility.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.