Property Comparison
KOVAN RESIDENCES vs THE FLORENCE RESIDENCES
Serangoon, Hougang · Both projects in the same district
Side-by-Side Comparison
| Metric | KOVAN RESIDENCES | THE FLORENCE RESIDENCES |
|---|---|---|
| Median PSF | $1,458.345 | $1,663.746 |
| Median Price | $2.50M | $1.26M |
| Recent PSF (Last 10) | $1,890 | $1,920 |
| District | D19 | D19 |
| Property Type | Condominium | Apartment |
| Tenure | 99 yrs lease commencing from 2007 | 99 yrs lease commencing from 2018 |
| Total Units | — | — |
| Completion Year | — | — |
| Transactions | 131 | 1,238 |
Who Should Buy KOVAN RESIDENCES vs THE FLORENCE RESIDENCES?
🏠 First-Time Buyer
The Florence Residences is more accessible for first-time buyers due to its lower median price of $1,258,944 compared to the $2,500,000 median price at Kovan Residences. This lower entry price point reduces the initial capital required for purchasers entering the District 19 residential market.
📈 Investor
Investors may find The Florence Residences more liquid, as evidenced by its 1,238 transactions compared to 131 at Kovan Residences. The project also commands a higher median PSF of $1,663.746, while Kovan Residences has a lower median PSF of $1,458.345.
👨👩👧👦 Family
Families requiring more living space may look at Kovan Residences, where the median price of $2,500,000 indicates larger unit sizes than the $1,258,944 median at The Florence Residences. At a lower median PSF of $1,458.345, Kovan Residences offers a different value proposition for those prioritizing floor area within the Serangoon and Hougang area.