Good investment properties in Singapore

As one of the most anticipated mixed developments of this day and age, the Stars of Kovan condominium in Singapore’s Kovan region has proved to be revolutionary. It is the first commercial development inspired by British architecture. The location of the condominium is outstanding. It is situated at the junction of Tampines Road and Upper Serangoon Road, a setting that is every homeowner’s dream come true, due to the abundance of amenities, vibrant scenery and accessibility.

Over the years, Kovan has established itself as a residential area with a distinct aura. It has some cluster houses interspersed with small apartments, landed houses and a few bigger condominium developments. The scenery is nature inspiring with trees and green vegetation.The Stars of Kovan is hosted in this lively area where most of the old shop outlets line the road, traditional hawker food is common and habitual cooking styles are still embraced. Old-time and famous delicacies such as Hokkien Mee, Punggol Nasi Lemak and Teochew porridge are readily available here. The residents are a mix of the locals and expatriates living in harmony side by side. The locals are a welcoming and warm hearted people who have observed their tradition over the generations.
Launched in 2016, the development will be complete in the year 2019. The property sits on a 10,000 square metre stretch of land and upon completion will contain 395 residential units and 45 commercial retail stores including food and beverage outlets. These shops and eateries will be located at ground level, with a street frontage facing the Upper Serangoon Road. The residential condominiums are above it. This translates to a door-step to daily needs convenient set-up.

The mixed units will comprise of:
90 one-bedroom units measuring 506 to 517 square feet;
240 two-bedroom units measuring 732 to 807 square feet;
60 three-bedroom units measuring 947 to 1023 square feet;
There are also 5 units of Strata Terrace measuring 1830 square feet. Most of the units face the North-South offering vantage views. The Stars of Kovian also has roof top amenities including a sky pavilion, a sky spa pool and a sky fitness centre. The 5 Strata styled units will also offer full condo amenities including a 50 metre lap pool, kitchen facilities entertainment areas, private pools in the duplex clubhouses and a gym.
This superb development is conveniently located just 200 metres from the strategic Kovan MRT Station, less than a 5 minute walk. Needless to say, this will make commuting uncomplicated for home owners of this new development. The MRT station on the purple North East line gets to Orchid Road in just 15 minutes. In addition, it is connected to major expressways including the KPE , TPE and CTE. The Kallang-Paya Lebar Expressway (KPE), give direct access to Marina Bay/Raffles Palace Districts. There are also several bus services plying the Upper Serangoon Road and a Bus Interchange station is located nearby.
There are a number of reputable schools in the area and the proximity to Stars of Kovan is advantageous to home owners of this development. Families with children that go to school can enroll their young ones local schools such as Maris Stella High School, Xinmin Primary School, Paya Lebar Methodist Girls’ Primary and Secondary Schools. There are also international schools available including Stamford American International School and Australian International School. In addition, the schools are well known for good performance on national and international level. Students are able to mingle with other students from different ethnic groups giving them an advantage. Most of these schools are located within walking distance from the Stars of Kovan property.
Residents in the area attest that the food is relatively cheap and of good quality. With only 30 cents, one can buy a soya bean drink. There is always a queue at the outlets for residents craving Char Kway Teow and finger licking fish ball noodles. The outlets lining the Serangoon Road liven up on the weekends with small eateries, cafes and family-run restaurants all serving their best dishes. They offer a variety of Thai and Western delicacies and an assortment of sweet desserts. one cannot go hungry in the Kovan area.
Star of Kovan is also conveniently located next to a huge food centre and a market. The Heartland Mall is just a walk away and comprises of numerous outlets offering different products and services. There are floral shops, cosmetic products shops, cinema theatres, body art stores, cafes, and fashion stores among others. The Nex Shopping mall and the Hougang Mall are just one MRT station away. The Kovan Market offers a variety of food products and services at affordable prices. It is a clean and diverse market and accommodates clients from all backgrounds. This is due to the increasing number of expatriates residing in the area and young native residents. In addition the Kovan Sports Centre and the Serangoon Sports Hall are also at the residents’ disposal for those who would like to work off some extra calories.
The Stars of Kovan offers a great rental potential. With five huge business hubs in close proximity, the opportunity for high returns on rent, with substantive capital appreciation in the near future, is inevitable. It is a hotbed of investment and commercial development hence, the property value will only appreciate with time.
The property has been developed by the reputable Cheung Kong Property Group valued at $41 billion. The property developer has released a lower discounted average price of $1,417 per square foot for the initial batch. This discounted price is a mark-down from the original average that was between $1,550 and $1,600. The latest indicative prices are:
The property has been developed by the reputable Cheung Kong Property Group valued at $41 billion. The property developer has released a lower discounted average price of $1,417 per square foot for the initial batch. This discounted price is a mark-down from the original average that was between $1,550 and $1,600. The latest indicative prices are:
1-bedroom unit measuring 506 square feet — from $170,000, 2-bedroom unit measuring 743 to 764 square feet — from $1.05 Million, 3-bedroom unit measuring 958 square feet — from $1.37 Million, Retail Shop measuring 215 to 861 square feet — from $5,200 to $6,200 per square foot.
Contact the developer for more information on discounted prices and the location of the sale gallery and showflats from their official site at www.starsof-kovan.com .Get in touch with them to download the best layouts and read reviews on the Stars of Kovan property development. It is a development that has raised the bar in the real estate industry and one that every home owner would be glad to call home.

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