RPS · Resale Project Scorecard
Space @ Kovan — Grade B
RPS score 5.61/10 · D19 · Hougang, Punggol, Sengkang · 140 units · scored across 7 weighted factors — methodology published.
FH · Qingjian Realty · TOP 2015
Solid, middle-of-the-pack project. Standout strengths: tenure. Key weaknesses: schools, future transformation.
Factor breakdown
- Project's Historical Performance25% weight
- 6/10
- Primary School Effect20% weight
- 3/10
- Project Size16% weight
- 5/10
- MRT Proximity13% weight
- 7/10
- Rental Yield10% weight
- 6/10
- Tenure10% weight
- 10/10
- Future Transformation6% weight
- 3/10
Avg Ann. of +1.21% — near-median performance within its 2015-era cohort (52th percentile).
1 primary school within 1km (ZHONGHUA PRIMARY SCHOOL, 1.00km away). Adequate but narrow school optionality.
140 units — boutique development. Lower transaction frequency and limited shared facilities.
0.64km from Serangoon Mrt Stn (CC13) — short walk to MRT, good transport convenience.
Rental yield of 3.50% — above-average income return.
Freehold tenure — no lease decay concerns, preserves long-term value.
Limited future-catalyst exposure — nearest is Serangoon North MRT (CR9, CRL1) at 1.90km, far enough that the impact on this project is modest.
Primary schools within 1km: Zhonghua Primary School.
RPSResale Project Scorecard
Scored either side of Space @ Kovan in Hougang, Punggol, Sengkang
The projects immediately above and below it on the Resale Project Scorecard — the comparison a buyer is usually actually making.