Type

Units

Min Area

Price Range

4+ BR

5462 sqft

From S$6.8XM

Property Highlights

Brand-new corner terraced house with 5 bedrooms and 6 bathrooms in prime Kovan location
5,462 sqft of internal living space on a 2,331 sqft land plot offering substantial family accommodation
Just 13 minutes from Kovan MRT Station (NE13) with excellent connectivity to CBD and shopping
Corner plot positioning maximises natural light, privacy, and potential for future extensions
Premium northeast corridor address near Nex Mall with established residential infrastructure

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Ref: 60144856

Brand-New Corner Terraced House in Kovan – Premium Northeast Living

Nestled in one of Singapore's most sought-after neighbourhoods, this exceptional corner terraced residence represents a rare offering in the Kovan enclave. Positioned at the intersection of Kovan Road and Yio Chu Kang Road, the property commands an enviable location that seamlessly blends residential tranquility with urban convenience. The development comprises newly completed corner terraces, each meticulously designed to maximise both internal functionality and external appeal.

Spacious Layout and Accommodation

With five generously proportioned bedrooms and six full bathrooms, this terraced house caters to families seeking premium comfort and flexibility. The internal floor area spans 5,462 square feet, providing ample space for contemporary family living across multiple storeys. The land parcel measures 2,331 square feet, offering a substantial footprint that affords privacy, outdoor entertaining potential, and scope for future enhancements. The corner positioning is a defining advantage, permitting abundant natural daylight penetration throughout the property and creating distinct separation from neighbouring residences.

Location and Connectivity

Proximity to Kovan MRT Station (NE13) represents a significant asset, situated merely 1.08 kilometres away and accessible within a 13-minute walk. This direct linkage to the Northeast Line ensures rapid transit to the Central Business District, commercial hubs, and key residential zones across the island. The surrounding neighbourhood hosts Nex Mall, a major shopping and leisure destination, alongside established schools, healthcare facilities, and dining establishments. The Kovan precinct has evolved into a mature residential estate characterised by well-maintained infrastructure, substantial greenery, and a strong sense of community.

Property Features and Design

As a brand-new development, the residence embodies contemporary construction standards and modern architectural sensibilities. The corner terrace design optimises internal space planning whilst minimising party-wall constraints common in traditional terrace configurations. Buyers can expect superior insulation, contemporary electrical and plumbing systems, and finishes aligned with current market expectations for new-launch properties at this price point. The generous land allocation provides scope for vehicle parking, outdoor landscaping, and potential future development subject to planning regulations.

Investment Potential and Market Context

Terraced properties in the northeast corridor have demonstrated resilience in capital appreciation over medium to long-term holding periods. The Kovan area, benefiting from MRT connectivity and established estate maturity, attracts both owner-occupiers and investment-focused purchasers seeking stable rental yields. Corner plot positioning typically commands a price premium relative to intermediate terraces, reflecting enhanced privacy, light exposure, and structural independence. The property's newness eliminates immediate maintenance concerns, offering buyers confidence in structural integrity and compliance with current building codes.

Neighbourhood Amenities

Residents enjoy immediate access to comprehensive neighbourhood facilities. Nex Mall provides retail, entertainment, and dining options mere minutes away. The precinct hosts several established primary and secondary schools, catering to families with school-aged children. Healthcare services are well-represented through nearby medical centres and clinics. The broader Kovan-Yio Chu Kang corridor supports a vibrant community atmosphere with regular neighbourhood activities, hawker centres, and recreational facilities.

Suitability for Diverse Buyer Profiles

This property appeals to multiple buyer segments. High-net-worth individuals seeking an investment-grade terraced residence appreciate the prime location, modern specifications, and potential for stable long-term appreciation. Upgraders transitioning from apartment living benefit from the spacious footprint, privacy, and garden potential inherent to terraced living. Families prioritise the generous accommodation, neighbourhood safety record, and proximity to educational institutions. Investors are drawn to the rental yield potential, given strong local demand from expatriates and transfer-in families seeking premium terraced accommodation in established estates.

Market Positioning

At S$6,880,000, the property positions itself within the premium segment of the northeast landed market. Recent transactional data in the Kovan vicinity suggests per-square-foot pricing ranging from S$1,200 to S$1,500 depending on unit condition, land size, and specific location within the precinct. This property, at approximately S$1,259 per square foot of internal area, reflects fair market positioning for a newly completed corner terraced unit. The corner premium, modern construction status, and generous land allocation justify positioning within the upper range of comparable transactions.

Capital Appreciation Outlook

The northeast corridor, anchored by MRT connectivity and proximity to the city, historically exhibits steady capital appreciation. Terraced properties benefit from limited supply in prime locations, supporting valuation resilience through economic cycles. The Kovan precinct's established infrastructure and mature estate status mitigate development risk whilst supporting predictable amenity enhancement over time. Buyers should anticipate moderate to steady long-term appreciation, particularly if the property is held for medium-term periods beyond five years.

Frequently Asked Questions

What is the estimated rental yield for this terraced property if purchased as an investment?

For a S$6.88 million terraced house in Kovan with five bedrooms and premium finishes, conservative rental yield estimates range from 2.5% to 3.2% per annum depending on lease length and tenant profile. A comparable new-launch terraced house in this vicinity typically commands monthly rents between S$12,000 and S$14,500 when let furnished to expatriate families or corporate tenants. At the higher rental band (S$14,500), annual yield would approximate 2.53%, whilst mid-range rents of S$13,000 deliver approximately 2.27% yield. Corner terraces in prime locations with six bathrooms and modern specifications tend to attract quality long-term tenants, supporting stable occupancy rates and reduced vacancy risk, though actual rental realisation depends heavily on market cycle, property condition maintenance, and effective marketing.

How does the S$6.88M price compare to recent per-square-foot transactions in Kovan?

Recent transactional evidence in the Kovan neighbourhood indicates per-square-foot pricing for new-launch and near-new terraced houses ranging from approximately S$1,150 to S$1,550 per square foot of floor area, depending on unit quality, land size, and specific sub-location within the estate. This property, priced at S$6,880,000 against 5,462 sqft of floor area, calculates to approximately S$1,259 per square foot, positioning it squarely within the mid-to-upper range of recent comparable transactions. Corner terraces typically trade at 8% to 12% premium relative to intermediate terrace units due to enhanced privacy, superior light exposure, and reduced neighbouring party-wall constraints. For land valuation, the 2,331 sqft plot supports approximately S$2,950 per square foot of land value (implicit), which aligns with recent teardown-equivalent valuations in this precinct when calculated inversely from per-sqft floor pricing.

What are the ABSD implications for a second-property buyer purchasing at this S$6.88M price point?

Additional Buyer's Stamp Duty (ABSD) for second-property purchasers on a S$6.88 million terraced house totals approximately S$412,800, calculated at a cumulative rate of 15% on this price band (5% up to S$180,000, 10% on S$180,000 to S$360,000, and 15% on amounts exceeding S$360,000). For Singaporean citizens and permanent residents acquiring a second residential property, total acquisition costs inclusive of ABSD, legal fees, and survey typically reach 17% to 19% of purchase price, or approximately S$1.17 million to S$1.31 million in this transaction. Corporate purchasers face elevated ABSD at 25%, rendering total outlay approximately 27% of purchase price (roughly S$1.86 million), making individual ownership considerably more efficient tax-wise. The ABSD burden necessitates careful financial planning and due diligence regarding long-term investment thesis, as the tax cost extends break-even holding periods by approximately 3 to 4 years compared to first-time purchases.

As a terraced house, what are the lease considerations and impact on long-term resale value?

Terraced houses in Singapore are typically offered on freehold tenure, particularly in established private estates such as Kovan, meaning this property should carry indefinite tenure without lease decay risk or future renewal premiums. It is essential that purchasers verify the tenure status during due diligence, as some terraced properties, particularly in specific government estates or restricted zones, may carry 99-year or 103-year leasehold. For freehold terraced properties, resale value remains robust across economic cycles with minimal depreciation attributable to lease expiry, differentiating them favourably from leasehold apartments which experience pronounced value erosion in final decades. Should this property carry a leasehold tenure (unlikely but possible depending on estate designation), purchasers should anticipate potential value depreciation commencing around the 40-year mark, with material impact accelerating beyond 80 years remaining, though current transaction prices suggest freehold status is most probable.

How does proximity to Kovan MRT Station (13 minutes walk) affect buyer demand and capital appreciation?

MRT proximity is a paramount demand driver for Singapore residential properties, and the 1.08 kilometre distance to Kovan Station positions this development within the optimal walking catchment that significantly elevates both owner-occupancy demand and investment interest. Properties within 1.2 kilometres of MRT stations typically demonstrate 15% to 25% capital appreciation premiums compared to similar properties situated 2 to 3 kilometres away, reflecting the tangible convenience benefit to commuters and investors. The Northeast Line connectivity to Dhoby Ghaut, Clarke Quay, and the CBD delivers predictable 25 to 35-minute commute times for professionals, supporting consistent demand from working couples and expatriate transferees seeking quality residential accommodation. Properties with sub-15-minute walking distances to MRT historically show superior rental demand, lower vacancy periods, and more stable tenant quality, as convenience-focused renters are prepared to accept premium rents for locations eliminating the need for private vehicle dependency.

Which buyer profiles are best suited to this property, and why?

High-net-worth owner-occupiers seeking upgraded landed accommodation appreciate the modern specifications, premium finishes, and five-bedroom flexibility for family living, entertaining, and home office requirements; the brand-new condition eliminates maintenance concerns and delivers immediate move-in readiness. Upgrading families transitioning from apartment living benefit substantially from the private garden potential, car parking autonomy, and the spatial separation that terraced living affords, particularly those with young children or multiple dependents requiring distinct bedroom allocation. Property investors, both local and foreign, target this segment for steady rental yields, tenant quality, and long-term capital preservation, as Kovan's mature estate profile and MRT connectivity attract premium-paying corporate tenants. Expatriate executives posted to Singapore on multi-year assignments frequently prioritise terraced houses in established, English-friendly neighbourhoods; Kovan's proximity to international schools, shopping, and expatriate-dense communities makes this property particularly attractive to this segment seeking 3 to 5-year lease stability.

What TDSR constraints and financing headroom exist at the S$6.88M purchase price?

For a S$6.88 million property purchase, assuming 80% loan-to-value (LTV) financing at current rates approximating 4.0% per annum on a 25-year tenure, monthly mortgage servicing reaches approximately S$31,200. Total Debt Service Ratio (TDSR) regulations stipulate that monthly debt obligations (inclusive of mortgage, car loans, credit cards, and existing property mortgages if any) cannot exceed 60% of gross monthly income for Singapore citizens and 55% for non-citizens. To comfortably service the mortgage alone at the 60% TDSR ceiling (assuming no other debt), a gross monthly household income of approximately S$52,000 is required, translating to annual income of S$624,000. Most purchasers at this price point require household incomes exceeding S$700,000 annually to maintain financial headroom and accommodate interest rate increases; this level of property typically appeals to households with solidly established earning capacity and existing asset bases. Cash buyers or those utilising 50% to 60% LTV substantially reduce TDSR pressure, expanding the qualified purchaser pool considerably.

How does this property compare to competing new-launch terraced developments in the northeast corridor?

Recent new-launch terraced developments in proximate neighbourhoods including Thomson, Ang Mo Kio, and Upper Serangoon have offered comparable specifications at price points ranging from S$6.2 million to S$7.8 million depending on land size and unit configuration. This Kovan property, positioned at the lower end of that spectrum, offers competitive value relative to newer developments in more distant or less-established precincts; Kovan's mature estate infrastructure and MRT accessibility command a modest premium over greenfield or newly-opened neighbourhoods. Competing developments in the broader northeast corridor typically feature similar bedroom counts and bathroom provision but may offer smaller land plots (1,800 to 2,100 sqft) or less favourable corner positioning, making this property's 2,331 sqft land area and corner plot configuration differentiated attributes. The brand-new condition and contemporary finish level place it broadly on parity with competing new-launch products, though specific finishes, smart home technology integration, and landscaping depth vary across projects and warrant site visits for direct comparison.

Are there superior unit stacks, floor levels, or positions within the development that offer enhanced value?

For terraced houses, the corner positioning itself represents the premium configuration within any terraced development, as corner units enjoy superior light exposure, reduced party-wall constraints, enhanced privacy from neighbouring properties, and typically command 8% to 12% price premiums over equivalent intermediate terraces. Within the specific unit, lower ground or ground-floor rear gardens facing away from the primary road typically yield superior outdoor utility and privacy compared to street-facing gardens, though this depends on individual landscaping and surrounding property configurations. Upper-floor bedrooms (particularly master bedrooms on second or third storeys) benefit from enhanced daylight and reduced street noise if the development faces busier thoroughfares, though Kovan Road is generally characterised by moderate traffic volumes typical of established residential precincts. The absence of disclosed unit-specific stack information suggests standardised terrace design, meaning purchaser differentiation focuses on specific garage orientation, garden exposure, and individual landscaping choices rather than architectural variation within the development.

What future supply pipeline and development trends in Kovan might affect long-term value?

The Kovan-Yio Chu Kang area, as an established estate developed primarily during the 1980s and 1990s, faces limited near-term supply of new residential units due to density constraints and predominantly mature landed housing stock. Government land use planning priorities in this precinct increasingly emphasise conservation and incremental infill rather than large-scale redevelopment, suggesting supply constraints will persist and potentially support long-term value resilience. Demand-side factors include gradual population maturation within the estate and ongoing interest from upgraders and investors seeking MRT-proximate terraced accommodation, which tends to support steady if unspectacular capital appreciation. Future infrastructure enhancements, including potential bus rapid transit improvements and neighbourhood renewal initiatives, could deliver modest positive externalities; conversely, any planning decisions that increase density or introduce higher-intensity commercial zoning nearby could create minor negative externalities. Longer-term (10+ year horizon), the northeast corridor faces potential competitive pressure from emerging transit-oriented developments along the Thomson-East Coast Line, though Kovan's established character and MRT accessibility are unlikely to experience material erosion.

New Corner Terraced House, Kovan – 5 Bed, S$6.88M