Stars at Kovan – The enchanted development near Kovan MRT

Stars at Kovan is an upcoming 99 years leasehold condo development from the Asset Legend Limited that is esteemed as it is launched. Cheung Kong Holdings are hitting the headlines with the launch of Stars of Kovan where the developer is providing buyers a luxurious finishing at an affordable cost, standing out among the condos in Kovan. Launched with luxury and quality finishings, Buyers may anticipate this latest upcoming development in Kovan. Cheung Kong Property Holdings has recently completed 2 projects at Thomson Grand and The Vision in Singapore.

stars at kovan
stars at kovan

There are four buildings towers with a total of 390 units adjoining to; and at the 1st level, there are five strata terrace units. Residential amenities like an indoor fitness center, kids’ playground and crystal clear swimming pool make it possible for residents to have a high quality lifestyle living experience. All luxurious units will be fitted with Duravit/Kohler/Hansgrohe fittings and reputable SMEG kitchen appliances. You will find lots of landed properties surrounding the development thus the majority of high floor units at Stars of Kovan enjoy a superior unblock view.

Located opposite Heartland Mall and Kovan MRT station, Stars at Kovan allows its residents convenience and easy access to the shopping and F&B options. For those who drives, the development is connected to Kallang-Paya Lebar Expressway. It takes only 13 minutes to 6 minutes into Pasir Ris Town drive to Changi Business Park; 9 minutes into Tampines New Town; 13 minutes into Seletar Aerospace Park and 15 minutes into Singapore Changi Airport. With well connected with major truck roads and expressways such as Upper Serangoon Road, Tampines Road, Central Expressway (CTE), travelling from this development to various part of Singapore will be a breeze. 

Stars at Kovan reflects lifestyle living together with comforts and the convenience both inside and surrounding the development. For Those residents that enjoy Punggol Waterway, the recreation activities at Hougang Sports Centre Marina Country Club, Seletar Country Club are all within driving space or an MRT ride away. The development is also located right next to the popular row of shophouses along Upper Serangoon Road, which features many popular day and night eateries and restaurants.

Tenants and residents of Stars at Kovan will enjoy only a lifestyle with retail and food outlets working from the degree of this development! Stars at Kovan offers all of the advantages and benefits of a development and close stations and Heartland Mall along with a Market and Food Centre to investors and residents at this development.

Investors are expected to get good investment returns as Stars at Kovan is poised to receive strong demand from people working from Kaki Bukit industrial area, Defu industrial area and Paya Lebar regional business hub through its close proximity to MRT newtork.

Of those 3 new condos in the Kovan vicinity, Kovan at Stars is located closest to Kovan MRT station, in comparison to Tembusu (that is pretty much sold out), also Trilive, that is located further out. Armed with loads of conveniences in a recognized residential private enclave and Stars at Kovan will woo home buyers and investors with its positive aspects.

The show units of Stars atKovan are now opened and sales have commenced. Developments plans for North East Singapore – Hougang, Sengkang, Punggol are expected to increase the number of jobs and more tenants are expected to reside in Kovan.

Amber Park Enbloc at $906 million

The owners of Amber Park are in for a windfall of between 4.3 million to 8.3 million following the successful bid by Singapore developers, City Developments Limited (CDL) and its joint venture partner Hong Realty at $906.7 million.

amber-park-collective-sale
amber-park-collective-sale

Located in the prime private residential area of East Coast, Amber Park spans over 213,670 square feet on land. The 200 unit developer in Amber Gardens area was completed in 1986. The redeveloped site allows its buildings tower at around 24 to 26 storeys with a plot ratio of 2.8. The land rate is at $1,515 per square feet per plot ratio.

Its proximity to Singapore’s central business district, East Coast Park and Changi Airport have attracted many locals and expatriates. Amenities are plentiful in the private residential estate and reputable schools such as Tanjong Katong Primary School, CHIJ (Katong) Primary, Haig Girls’ School, Kong Hwa School and Tao Nan School are nearby. The upcoming MRT station, Tanjong Katong MRT Station of East Coast MRT Line is 200 metres from Amber Park site and is expected to complete in 2023.

Keen interest on this freehold developer was shown, through the eight bids received during the tender of sale by JLL. This is the fourth time that the condominium was offered for sale. The developers are expected to redevelop the site into a luxury condominium compromising of four 25 storey buildings with approximately 800 units.

Continuing the current trend of en bloc deals in Singapore, the sale of Amber Park signals a possible real estate market price reversal. Developers are more optimistic on the outlook and are actively stocking up on lands offered by enblocs developments and Government Land Sales (GLS).

Another development, Jervois Gardens in River Valley has been sold to SC Global, This freehold development of 2 low rise blocks of 14 maisonettes and three apartments was sold at $72 million. Evach owner is expected to receive $3.3 million to $4.5 million. The redeveloped site is expected to yield 50 to 70 new homes at 52,419 square feet of total floor area.