Stars of Kovan
In this site, we will not going to bother you with the usual boring project information where you can find it in any of the other website. Here we are going to show you what are the potential return from this development by comparing with the past transaction of the surrounding development as well as what are the upcoming development nearby so that you will have a clearer picture on what you are buying.
Even though if you are buying it for own stay, you need to know the return and the potential because property is part of the asset that you own in which you can utilize in the future.
Estimated rental rate for Stars of Kovan
First, we are going to look at the achieved rental rate for the development near Stars of Kovan (within walking distance from the MRT).
Condo A near Kovan MRT
Condo B near Kovan MRT
Condo near Kovan MRT has strong rental demand with plenty of transactions shown by the data above. With estimated rental of SGD 2,800 per month for the 2 bedroom and SGD 3,400 per month for the 3 bedroom.
Capital appreciation (Past data)
Second, looking at the property price appreciation near Stars of Kovan (within walking distance from the MRT).
Condo A Near Kovan MRT Transaction
Condo B Near Kovan MRT Transaction
As shown, besides the strong rental yield, condo near Kovan MRT is also giving a good appreciation over the years.
Contact us for more detail presentation on the potential of this development
Future Land Bid Nearby
Serangoon North Avenue land bid
Serangoon North Ave (not near MRT) land is sold at SGD 965 psf per plot ratio which is 13.69% higher compare to Stars of Kovan land price which is just a short stroll to the MRT. According to analyst, the expected selling price for this development will be SGD 1,500 to 1,600 per square feet.
Woodleigh Lane land bid
Woodleigh Lane land is sold at SGD 1,110 psf per plot ratio which is 30.76% higher compare to Stars of Kovan land price. According to analyst, the expected selling price for this development will be SGD 1,700 to 1,800 per square feet.
Stars of Kovan pricing
Below are the updated star buy list for the development
2 Bedroom and 2 Bathroom
- Unit 04-02 - $1,046,320 – 753 sqft
- Unit 04-25 - $1,056,880 – 764 sqft
- Unit 14-24 - $1,096,480 – 732 sqft
3 Bedroom 2 Bathroom
- Unit 03-12 - $1,330,420 – 990 sqft
- Unit 04-03 - $1,334,720 – 958 psf
- Unit 12-19 - $1,449,960 – 958 sqft
Stars of Kovan estimated rental yield
Rental yield for the 2 bedroom
Using unit 04-02 - $1,046,320 – 753 sqft as example. Est. monthly rental SGD 2,800 using the data above, it gives 3.21% rental yield per annum.
Rental yield for the 3 bedroom
Using Unit 03-12 - $1,330,420 – 990 sqft as example. Est. monthly rental SGD 3,400 using the data above, it gives 3.06% rental yield per annum.
Payment procedure first property
2 bedroom (unit 04-02)
5% booking fee cash: SGD 52,316
15% down payment (cash/cpf): SGD 156,948
Balance 80% loan: SGD 837,056
Installment per month (using 30 years tenure and 1.5% interest rate): SGD 2,888.85
Installment per month (using 25 years tenure and 1.5% interest rate): SGD 3,348.18
3 bedroom (unit 03-12)
5% booking fee cash: SGD 66,521
15% down payment (cash/cpf): SGD 199,563
Balance 80% loan: SGD 1,064,336
Installment per month (using 30 years tenure and 1.5% interest rate): SGD 3,673.24
Installment per month (using 25 years tenure and 1.5% interest rate): SGD 4,256.67
Payment procedure if have 1 existing residential property loan
2 bedroom (unit 04-02)
25% booking fee cash: SGD 261,580
25% down payment (cash/cpf): SGD 261,580
Balance 50% loan: SGD 523,160
Installment per month (using 30 years tenure and 1.5% interest rate): SGD 1,805.94
Installment per month (using 25 years tenure and 1.5% interest rate): SGD 2,091.31
3 bedroom (unit 03-12)
25% booking fee cash: SGD 332,605
25% down payment (cash/cpf): SGD 332,605
Balance 50% loan: SGD 665,210
Installment per month (using 30 years tenure and 1.5% interest rate): SGD 2,297.67
Installment per month (using 25 years tenure and 1.5% interest rate): SGD 2,660.42
For more detail calculation please contact us
In summary, if you are
- Looking for property near MRT – be it for investment or own stay
- Strong rental demand in the area
- Strong capital appreciation shown by the historical data
- Want to capitalize on the start of the positive trend of the Singapore property market
- Up to 30.76% higher land bid on the same district – this will serve as potential buffer for your future capital appreciation
- Have the ability to invest at least 1.x mil (follow the sample calculation above for your financial planning)