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Commercial Directory · Retail · District 19

Vibes @ Kovan

2 sales from Nov 2022 to Aug 2024, at a median $2,189 psf (Nov 2022 to Aug 2024).

District 19 At a glance

Median psf, all sales
$2,189
Sales since Nov 2022
2
Latest sale, Aug 2024
$1,986 psf
Tenure
Freehold

0 of 2 sellers with a known purchase price sold for more than they paid; the median made -0.6% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
20221$2,391
20241$1,986

A median moves with which units sold that year (floor, size, ground-floor shops), so a small year can swing.

2 sales Every sale

DateTypeLevelSq ftPricePsfSaleSeller boughtProfitA year
7 Aug 2024Retail1312$620,000$1,986ResaleJan 2011, $702k-$82k-0.9%
8 Nov 2022Retail1291$695,000$2,391ResaleFeb 2011, $713k-$18k-0.2%

URA Realis caveats via Huttons, to 13 Oct 2026. Sq ft is the strata area. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.

Vibes @ Kovan Questions

How much does a unit at Vibes @ Kovan cost?

2 unit sales at Vibes @ Kovan from Nov 2022 to Aug 2024 went for $1,986 to $2,391 psf, a median $2,189 psf on units of 291 to 312 sq ft. The latest, in Aug 2024, was $620,000 for 312 sq ft ($1,986 psf).

Did sellers at Vibes @ Kovan make money?

0 of 2 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller lost $50k, -0.6% a year, before stamp duty, GST, fees and the rent collected while they held it.

What kind of property is Vibes @ Kovan?

The sales here are retail units in District 19 (Outside Central Region), most on a freehold title. Commercial units carry no Additional Buyer’s Stamp Duty and cannot be bought with CPF.

Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.