Property Comparison
KOVAN REGENCY vs THE FLORENCE RESIDENCES
Serangoon, Hougang · Both projects in the same district
Side-by-Side Comparison
| Metric | KOVAN REGENCY | THE FLORENCE RESIDENCES |
|---|---|---|
| Median PSF | $1,548.385 | $1,663.746 |
| Median Price | $1.85M | $1.26M |
| Recent PSF (Last 10) | $1,990 | $1,920 |
| District | D19 | D19 |
| Property Type | Condominium | Apartment |
| Tenure | 99 yrs lease commencing from 2012 | 99 yrs lease commencing from 2018 |
| Total Units | — | — |
| Completion Year | — | — |
| Transactions | 117 | 1,238 |
Who Should Buy KOVAN REGENCY vs THE FLORENCE RESIDENCES?
🏠 First-Time Buyer
The Florence Residences is more accessible for first-time buyers with a median price of $1,258,944, which is $592,556 lower than the $1,851,500 median at Kovan Regency. This lower entry price point reduces the initial capital outlay and financing requirements for individuals entering the property market.
📈 Investor
The Florence Residences provides higher market liquidity with 1238 transactions compared to 117 at Kovan Regency, supported by a newer lease commencing in 2018. Investors may also consider the median PSF of $1,663.746 at The Florence Residences, which is 7.4% higher than the $1,548.385 median PSF of the older project.
👨👩👧👦 Family
Both projects are located in District 19, but Kovan Regency’s lower median PSF of $1,548.385 allows families to acquire more space per dollar spent. The higher median price of $1,851,500 at Kovan Regency, compared to $1,258,944 at The Florence Residences, indicates a housing stock that likely consists of larger unit sizes for family living.