Solid, middle-of-the-pack project. Standout strengths: tenure, total returns. Key weaknesses: future transformation, project size.

Factor breakdown

Project's Historical Performance25% weight

5/10

Avg Ann. of +1.11% — near-median performance within its 2014-era cohort (46th percentile).

Primary School Effect20% weight

7/10

2 primary schools within 1km (nearest: XINGHUA PRIMARY SCHOOL at 0.95km). Strong school proximity — a genuine advantage for young families.

Project Size16% weight

3/10

41 units — very small project; niche product with thin resale market.

MRT Proximity13% weight

8/10

0.43km from Kovan Mrt Stn (NE13) — short walk to MRT, good transport convenience.

Rental Yield10% weight

8/10

Rental yield of 4.31% — strong income return.

Tenure10% weight

10/10

Freehold tenure — no lease decay concerns, preserves long-term value.

Future Transformation6% weight

3/10

Limited future-catalyst exposure — nearest is Serangoon North MRT (CR9, CRL1) at 1.82km, far enough that the impact on this project is modest.

Primary schools within 1km: Xinghua Primary School, PAYA Lebar Methodist Girls' School (Primary).

See live Park Residences Kovan listings for sale on PropertyGuru →