The upcoming Stars of Kovan
A land parcel of 10,097.1 square metre within the Kovan Estate, along Upper Serangoon Road was released for Government Land Sale in September 2014. This 99-year leasehold site will be a mixed residential and commercial site with its first level comprising merely the commercial component.
This upcoming Kovan Condo is just across the road from Kovan MRT station and the Heartland Mall. Famous eateries are also found along upper Serangoon Road. And A short drive away is the Nex Shopping mall and some sports and recreation facilities such as the Hougang Stadium, Swimming Complex and Sports Hall.
The bidded prices for this Kovan Condo are shown as above, this development which is located in a more matured residential estate has attracted the interest of 11 developers, including developers such as Asset Legend Limited, MCL Land, Sim Lian Land and Hoi Hup. The tendered sale price ranged from $172 millions to $276.8 millions, a great difference of a whooping 100 millions.
The land parcel was awarded to Asset Legend Limited (Subsidiary company of Cheung Kong Holdings) who bidded at $276.8 millions or S$848.84 per square foot per plot ratio (psf ppr).
Source : URA
If you would like to find out more about this project, take a look at our webpage below now
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