A freehold penthouse in Vibes @ Kovan, situated along Kovan Road at District 19, is in the marketplace for $898,000 ($1,193 psf) via private treaty, based on Edmund Tie, which is managing the sale.
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Spanning 753 sq feet, the penthouse unit is located about the fifth floor of this evolution and contains two bedrooms. The master bedroom is on the top amount of this unit, and has a roof terrace with jacuzzi, states Joy Tan, head of sales and auction in Edmund Tie. The device also offers unblocked views of this Kovan property, she adds.
The device transacted in March 2011 for $873,500 ($1,159 psf), dependent on caveats lodged with URA. Tan considers the unit will probably be appealing to owner-occupiers and investors because of its”very handy and accessible place”. The development is near Kovan MRT Station about the North-East Line and Serangoon MRT Interchange Station on the North-East and Circle Lines. It’s also near schools like Paya Lebar Methodist Girls’ School, St Gabriel’s Primary School and Maris Stella High School, and recreational centers such as Kovan Sports Centre and Serangoon Sports Centre. Modern Montessori Child Care is nearby which may appeal to homeowners with younger kids, Tan adds.
She also says there has been a”healthy” amount of people from the general public, despite Covid-19 dampening market thoughts. The majority of people that are interested are possible owner-occupiers since the evolution is near a broad assortment of comforts, eateries and malls.
Tan estimates the unit at the evolution may fetch rents of $2,100 a month, according to current caveats lodged with URA.
Finished in 2014, Vibes @ Kovan includes 34 units across five storeys.