CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYLeaseholdDistrict 19 · Hougang

Stars Of Kovan

Reviewed by Nathan TangUpdated 10 August 2026Data through Aug 2022
Quick Summary

Stars Of Kovan is a commercial building in District 19 · Hougang, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 88 years remaining. 9 transactions are on record since 1995, most recently in Aug 2022. 12 units are currently listed for sale or rent. ACRA records 30 live company registrations at this address.

1

What are the key facts about Stars Of Kovan?

Key takeawayStars Of Kovan is a commercial building in District 19 · Hougang, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held leasehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Tenure
Leasehold
District / Area
District 19 · Hougang
Address
988 Upper Serangoon Road
Land area
10,097 sqm
Transactions on record
9 (records start 1995)
Live listings
12
ACRA registrations
30
2

About Stars Of Kovan

Stars Of Kovan is a mixed-use building in Hougang (District 19). It is located along Upper Serangoon Road, Singapore 534733.

Under the URA Master Plan it sits on land zoned residential with commercial at 1st storey with a gross plot ratio of 3.

The site is leasehold, with about 88 years remaining on the lease. It occupies roughly 10,097 sqm of land with about 33,071 sqm of gross floor area.

9 transactions have been recorded here, at a median of S$5,412 psf. The most recent was in August 2022.

30 businesses are currently registered at this address with ACRA.

The nearest MRT is Kovan MRT, 278 m away (about a 4-minute walk). The closest bus stop (Glad Tidings Ch) is 87 m away (about a 1-minute walk).

3

What is Stars Of Kovan zoned as?

Key takeawayStars Of Kovan sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 3.0.
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0

Run the full zoning report for this building →

4

What has Stars Of Kovan sold for?

Key takeaway9 transactions are on record since 1995, most recently in Aug 2022 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2022RetailS$88.00M47,728 sqft$1,844
Mar 2019RetailS$1.77M312 sqft$5,670
Sept 2018RetailS$1.98M420 sqft$4,718
Aug 2018RetailS$3.32M517 sqft$6,424
Mar 2017RetailS$2.56M474 sqft$5,412
Jan 2017RetailS$4.12M603 sqft$6,832
Dec 2016RetailS$1.41M280 sqft$5,035
Jun 2016RetailS$1.18M215 sqft$5,463
May 2016RetailS$1.12M215 sqft$5,185

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.

5

How does Upper Serangoon Road price?

Key takeawayAcross 24 strata sales on Upper Serangoon Road in the last 5 years, the median is $2,071 psf.
Strata sales on the street (5y)
24
Street median PSF (strata)
$2,071

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near Stars Of Kovan?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 19 retail

Gross yield (area)
10.3%
9.3% net of property tax
Rent side (median of bands)
$203.46 psm/mo
2026Q2
Price side (strata, 5y)
$2,200 psf
71 sales

An INDICATIVE AREA yield for District 19 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 19 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$63.18$70.59$323.45
Level 2 & 3 · 30 & Below$44.44$66.00$73.08
Level 1 · 30 & Below$65.69$92.24$377.30
Level 2 & 3 · >30 - 100$147.73$234.51$281.12
Level 1 · >30 - 100$107.69$250.70$306.57
B1 & Below · >30 - 100$257.47$297.67$372.67
Level 2 & 3 · >100 - 300$109.91$140.32$169.42
Level 1 · >100 - 300$183.40$220.71$251.55

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

7

What is available at Stars Of Kovan right now?

Key takeaway12 units are currently listed at Stars Of Kovan3 for sale and 9 for rent. One row per unit; several agents often market the same unit.

For sale (3)

  • Stars of Kovan2 agentsS$4.20M · 603 sqft
  • Stars of Kovan2 agentsS$3.88M · 517 sqft
  • Stars of KovanS$95.00M · 22,638 sqft

For rent (9)

  • Stars of KovanS$6k/mo · 420 sqft
  • Stars of Kovan2 agentsS$8k/mo · 602 sqft
  • Stars of KovanS$13k/mo · 810 sqft
  • Stars of KovanS$6k/mo · 517 sqft

Browse every listing at this building →

8

What is near Stars Of Kovan?

Key takeawayThe nearest MRT/LRT is Kovan MRT, about 279 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

DR+ Medical & Paincare Hougang · 48 mPlace Of Worship · 61 mGlad Tidings Ch · 87 mEducational Institution · 238 mKovan MRT Exit C · 253 mPaya Lebar Kovan Community Club · 443 mHougang Polyclinic · 958 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Kovan Market & Food Centre · 295 mHeartland Mall Kovan · 313 mCold Storage Singapore (1983) Pte Ltd · 313 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at Stars Of Kovan?

Key takeawayACRA records 30 live company registrations at this address, 15 of them in the last three years.
Live registrations
30
Registered last 3 years
15
Most common type
Local Company

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

10

Frequently asked questions about Stars Of Kovan

Where is Stars Of Kovan?

Stars Of Kovan is at 988 Upper Serangoon Road, Singapore 534733, in the Hougang planning area.

What is Stars Of Kovan zoned as?

Stars Of Kovan sits on land zoned residential with commercial at 1st storey under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Stars Of Kovan?

Stars Of Kovan is leasehold. About 88 years remain on the lease.

What have units at Stars Of Kovan sold for?

Across 9 recorded transactions, the median price is S$5,412 psf. The latest was in August 2022.

What is the nearest MRT station to Stars Of Kovan?

Kovan MRT is the closest, 278 m away (about a 4-minute walk).

How many businesses are registered at Stars Of Kovan?

30 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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