Property Comparison
KOVAN MELODY vs THE FLORENCE RESIDENCES
Serangoon, Hougang · Both projects in the same district
Side-by-Side Comparison
| Metric | KOVAN MELODY | THE FLORENCE RESIDENCES |
|---|---|---|
| Median PSF | $1,328.261 | $1,663.746 |
| Median Price | $2.16M | $1.26M |
| Recent PSF (Last 10) | $1,753 | $1,920 |
| District | D19 | D19 |
| Property Type | Condominium | Apartment |
| Tenure | 99 yrs lease commencing from 2004 | 99 yrs lease commencing from 2018 |
| Total Units | — | — |
| Completion Year | — | — |
| Transactions | 154 | 1,238 |
Who Should Buy KOVAN MELODY vs THE FLORENCE RESIDENCES?
🏠 First-Time Buyer
The Florence Residences is more accessible for first-time buyers as its median price of $1,258,944 is 40.8% lower than the $2,127,500 median price at Kovan Melody. This lower price point facilitates entry into the District 19 market with a smaller capital outlay and lower financing requirements.
📈 Investor
Investors may favor The Florence Residences for its higher liquidity of 1,238 transactions and a median PSF of $1,663.746, which is 25.2% higher than the $1,328.261 median PSF at Kovan Melody. The project also maintains a higher price floor with a PSF range starting at $1,631 compared to $1,571 at Kovan Melody.
👨👩👧👦 Family
Families seeking larger living spaces in District 19 may prefer Kovan Melody, where the $2,127,500 median price at $1,328.261 PSF indicates larger unit sizes than The Florence Residences. While both projects are in District 19, The Florence Residences offers a newer 99-year lease starting from 2018, which is 14 years more recent than Kovan Melody's 2004 commencement.