Rent vs D19 -21.6%
Rents below district median
Space @ Kovan's latest 12-month median rent is $2,900 compared with the D19 median of $3,700 for the same period. Use this district check before narrowing by bedroom and area band.
Space @ Kovan rent and sale price
D19 / Serangoon Garden, Hougang, Punggol
Address 9 Yio Chu Kang Road Space @ Kovan Singapore 545523
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Quick summary about Space @ Kovan
Space @ Kovan is a freehold apartment in D19 / Serangoon Garden, Hougang, Punggol. The page currently tracks 312 rentals and 37 sales.
- Latest 12M median rent is $2,900 per month from 60 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $761,833, with median sale PSF at $1,665 psf from 4 sales.
- Rent is up 17.0% over the last 3 months. Sale PSF is down 1.2% over the last 3 months.
Space @ Kovan Market Brief
Compare the project with D19 across rent, sale PSF, tenure and transaction activity.
Compared with D19
Sale PSF vs D19 Near district
Sale PSF near district median
Space @ Kovan's latest 12-month median sale PSF is $1,665 psf versus the D19 median of $1,670 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 4.57%
Rent support above district screen
Gross yield is roughly 4.57% versus a D19 screen of 2.57%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 23.3% spread
Rent has some movement
Recent rents moved enough that bedroom count, area band and latest contracts matter.
Market activity -37.5%
Activity is lighter
25 recent transactions versus 40 in the prior 6-month view.
Tenure lens Freehold
Freehold comparison needed
Freehold matters most on sale price. Compare Space @ Kovan against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $2,900
Is the asking rent fair?
$2,750 to $3,050 is the first fair-rent band to check. Above $3,050 should have a visible reason.
Latest 12M median sale PSF $1,665 psf
Is the purchase price fair?
$740,000 to $780,000 and $1,610 to $1,710 psf are the first sale checks before adjusting for floor, size, view and condition.
2 bed rent $3,100
Are similar units renting for more?
2 bed and 600 to 700 sqft give the closest unit-size checks.
Rent stability 23.3% spread
Is rent stable here?
Rent has some movement. Recent rents moved enough that bedroom count, area band and latest contracts matter.
Transaction volume -37.5%
Is activity rising?
Activity is lighter. 25 recent transactions versus 40 in the prior 6-month view.
Space @ Kovan Project Facts
Project-level details from URA records and local enrichment.
Tenure Freehold
Property type Apartment, Non-Landed Properties
Sales 37 resale transactions
Total sold value $33.4M
Space @ Kovan Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 312 Jun 2021 to Jun 2026
Sale transactions 37 Jul 2021 to Jun 2026
Rent trend 17.0% Last 3 months
Sale PSF trend -1.2% Last 3 months
Space @ Kovan Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
SERANGOON MRT STATION (CC13) 0.64 km away
SERANGOON MRT STATION (NE12) 0.66 km away
SERANGOON MRT STATION 0.76 km away
Schools nearby
NPS INTERNATIONAL SCHOOL (PRIMARY CAMPUS) 0.29 km away
NPS INTERNATIONAL SCHOOL 0.3 km away
DPS INTERNATIONAL SCHOOL, SINGAPORE 0.73 km away
CAMBERLEY INTERNATIONAL PRE-SCHOOL PRIVATE LIMITED 0.76 km away
Amenities
JALAN PELIKAT PARK CONNECTOR Park / green link · 1.01 km away
WOODLEIGH VILLAGE HAWKER CENTRE Food centre · 1.74 km away
Space @ Kovan Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $3,100 85 rentals in view
Latest median sale PSF $1,428 psf 7 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jun 2026 2 $3,100 1 $1,428 psf $783,666
May 2026 2 $3,200 0 - -
Apr 2026 4 $3,100 0 - -
Mar 2026 7 $2,830 1 $1,763 psf $740,000
Feb 2026 2 $2,650 0 - -
Jan 2026 6 $2,600 0 - -
Dec 2025 7 $2,900 0 - -
Nov 2025 5 $3,100 0 - -
Oct 2025 5 $3,300 0 - -
Sept 2025 6 $2,850 2 $1,665 psf $889,000
Aug 2025 5 $3,100 0 - -
Jul 2025 9 $2,850 1 $1,684 psf $725,000
Projects Similar to Space @ Kovan
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 2011 Watertown 6.3 km away 1,954 transactions
- Median rent
- $3,100
- Median sale PSF
- $1,586 psf
- Median rent
- $3,000
- Median sale PSF
- $1,627 psf
- Median rent
- $2,800
- Median sale PSF
- $1,559 psf
- Median rent
- $2,700
- Median sale PSF
- $1,457 psf
- Median rent
- $3,100
- Median sale PSF
- $1,744 psf
- Median rent
- $3,000
- Median sale PSF
- $1,388 psf
Space @ Kovan Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $2,500 $2,401 128
2 bed $3,100 $3,091 165
3 bed $3,800 $3,932 19
Space @ Kovan Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
300 to 400 sqft $2,400 $2,419 8
400 to 500 sqft $2,500 $2,349 94
500 to 600 sqft $2,815 $2,679 42
600 to 700 sqft $3,000 $2,866 98
700 to 800 sqft $3,500 $3,352 24
800 to 900 sqft $3,800 $3,750 4
900 to 1,000 sqft $3,800 $3,700 7
1,000 to 1,100 sqft $3,800 $3,691 11
Space @ Kovan Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $833,000 $1,417 psf 37
Space @ Kovan Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Space @ Kovan shows a latest 12-month median monthly rent of $2,900 across 60 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $2,900
Rentals in period 60
Rent signal Strong
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Latest 12M sales at Space @ Kovan show a median price of $761,833 and $1,665 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $761,833
Latest 12M median PSF $1,665 psf
Sale signal Strong
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- Freehold should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Space @ Kovan has 37 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Strong
Total sold value $33.4M
Latest record Jun 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
Run Space @ Kovan numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $2,900/mo Test gross and net yield against typical rent. Buy vs rent $761.8K Compare ownership cost against renting. Mortgage $761.8K Estimate monthly payment from the sale price. Stamp duty $1,665 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
District context
Use D19 to compare Space @ Kovan against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Space @ Kovan FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Space @ Kovan?
Space @ Kovan has a latest 12-month median monthly rent of $2,900 across 60 rentals in that period.
What is the typical sale price at Space @ Kovan?
The latest 12-month median sale price for Space @ Kovan is $761,833, based on 4 sales in that period.
What is the median sale PSF at Space @ Kovan?
The latest 12-month median sale price per square foot for Space @ Kovan is $1,665 psf. The average for the same period is $1,630 psf.
Is Space @ Kovan freehold or leasehold?
Space @ Kovan is listed as Freehold. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Space @ Kovan located?
Space @ Kovan is located at 9 Yio Chu Kang Road Space @ Kovan Singapore 545523 in D19 / Serangoon Garden, Hougang, Punggol.
How current is the Space @ Kovan transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.