Kovan Melody, Serangoon
Kovan Melody is a 99-year leasehold apartment located in Serangoon, Singapore. There are 778 units available at this project with built-up from 1,033 sf to 1,410 sf. It was developed by Wing Tai Holdings Ltd, and was fully completed in 2006.
Wing Tai Holdings Ltd is a very large-sized property development company listed on SGX, and it has undertaken about 22 property projects in Singapore. Other similar projects by the same developer are Ascentia Sky, Belle Vue Residences, Central Green, Helios Residences, Maplewoods, Sunrise Gardens, The Blossomvale, The Light, The Riverine, and The Tembusu.
This apartment has many amenities nearby, such as hospitals, schools, and metro transport stations. The following are some of the main hospitals here:
- Camden Medical Center and Daily Medical Centre.
As for schools, there are Camberley Pre School (Kovan) and Dps International School.
The current market prices for Kovan Melody are from S$1,090,000 to S$1,650,000 (about S$1,090 psf); while the monthly rentals are from S$3,500 to S$4,200 (about S$2.88 psf). The highest median price psf ever recorded was S$1,136 psf in Q2 2015; while the lowest one was S$1,076 psf in Q3 2017.
The current rental yield of Kovan Melody is around 3.2%, compared to 3.39% 3 years ago in Q4 2015. The highest rental yield ever recorded was 3.64% in Q3 2015; while the lowest one was 3.2% in Q1 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Kovan Melody is 3-bedroom / 1,227 sf with a median price of