RPS · Resale Project Scorecard
Spazio @ Kovan — Grade B
RPS score 6.33/10 · D19 · Hougang, Punggol, Sengkang · 48 units · scored across 7 weighted factors — methodology published.
FH · SPAZIO LAND PTE LTD · TOP 2016
Solid, middle-of-the-pack project. Standout strengths: tenure. Key weaknesses: future transformation, project size.
Factor breakdown
- Project's Historical Performance25% weight
- 7/10
- Primary School Effect20% weight
- 7/10
- Project Size16% weight
- 3/10
- MRT Proximity13% weight
- 7/10
- Rental Yield10% weight
- 6/10
- Tenure10% weight
- 10/10
- Future Transformation6% weight
- 3/10
Avg Ann. of +1.90% — near-median performance within its 2016-era cohort (61th percentile).
1 primary school within 1km (PAYA LEBAR METHODIST GIRLS' SCHOOL (PRIMARY), 0.94km away). Adequate but narrow school optionality.
48 units — very small project; niche product with thin resale market.
0.77km from Serangoon Mrt Stn (CC13) — short walk to MRT, good transport convenience.
Rental yield of 3.63% — 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 1.94km, far enough that the impact on this project is modest.
Primary schools within 1km: PAYA Lebar Methodist Girls' School (Primary).
RPSResale Project Scorecard
Scored either side of Spazio @ 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.