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Park Residences @ Kovan

Developer : Kovan Central Pte Ltd (Pollux Properties Ltd)

FREEHOLD Boutique Development

Expected TOP 2013 Land Size 12,043sqft Swimming Pool, BBQ pit, Exercise Area

Total 41 units = 36 of 1bdr + 4 penthouses + 1 ground house The Development is located in a fast growing residential district 19 and will appeal to mid net-worth Singaporeans as well as overseas investors
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Location Map

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Unique Selling Points

FREEHOLD

Location Centrally located in District 19.

Affordable low quantum from $5xxk only. Convenience 5 mins walk to Kovan MRT with easy accessibility to Harbourfront, NEX Mega Mall, Kovan Heartland Mall and Kovan City. Schools within 1km Paya Lebar Methodist Girls, XingHua Pri Schools within 2km Rosyth School, Serangoon JC, Zhang Hua Primary, Pei Cai Secondary, Holy Innocents Primary, Maris Stella High and CHIJ Our Lady of Good Counsel. Superior build quality with squarish layout that has got no bay windows and further enhanced flooring with natural marble slabs and cosy timber finishing.

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Unique Selling Points

The value of the location is further enhanced with the recently announced plans by the URA to rejuvenate the area at Paya Lebar as suburban commercial hub with 500,000sm of commercial floor space consisting of 294,000sm of office space and 200,000sm of hotels and retail space. With the upcoming development will definitely lead to the increase in demand of property prices in sales & rental in the near future.

Excellent Investment Potential in terms of capital gains and rental returns. (5.5% to 6% rental yield)
A Boutique Style Development offering luxurious space, distinctive styling and modern comforts.

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Project Rental Yield

Bedroom 1 bdr 335sqft 1bdr 365sqft Rental est. S$2700 S$2900 Est. with Discounted Rental yield Price S$510,000 S$534,000 6.0% - 6.3% S$529,000 S$ 581,000

PH 1bdr 588sqft PH 2bdr 930sqft Ground Hse 1bdr 675sqft

S$3400 S$5400 S$3600

S$773,000- S$784,000 S$1,300,000 S$855,000

5.2% 5.0% 5.1%

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Comparable Projects
Project Name Price PSF Est. Rental Rental Yield 4%

Kovan Residences S$1.150,000 S$1250 S$1350 S$4200.00

(99 LH) 2bdr

I Suites@ Palm (999 LH) 1bdr (463sqft) Terrasse @ Serangoon (99 LH) 1bdr 21 Richard S$634,000 S$1490 S$1590 S$2500.00 4.7% S$633,000 S$1367.00 $S2800.00 5%

S$581,900

S$1150 S$1250 S$2500.00S$2700.00

5%- 5.5%

Freehold
1bdr (409sqft) 31 units
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Type and Size

Type A Ground House (1bdr): 675sqft, 1 unit
Type B (1 bdr) : 365sqft, 28units Type C (1 bdr) : 335sqft, 8 units Type D1 Penthouse(2bdr): 930sqft, 2units

Type D2 Penthouse(1bdr): 588sqft, 2 units

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