CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYFreeholdDistrict 19 · Hougang

Vibes @ Kovan

Reviewed by Nathan TangUpdated 10 August 2026Data through Aug 2024
Quick Summary

Vibes @ 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 freehold. 11 transactions are on record since 1995, most recently in Aug 2024. 1 unit is currently listed for sale. ACRA records 10 live company registrations at this address.

1

What are the key facts about Vibes @ Kovan?

Key takeawayVibes @ Kovan is a commercial building in District 19 · Hougang, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 19 · Hougang
Address
93 Kovan Road
Land area
723 sqm
Transactions on record
11 (records start 1995)
Live listings
1
ACRA registrations
10
2

About Vibes @ Kovan

Vibes @ Kovan is a mixed-use building in Hougang (District 19). It is located along Kovan Road, Singapore 548178.

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 freehold. It occupies roughly 723 sqm of land with about 2,170 sqm of gross floor area.

11 transactions have been recorded here, at a median of S$1,986 psf. The most recent was in August 2024.

10 businesses are currently registered at this address with ACRA.

The nearest MRT is Serangoon MRT, 711 m away (about a 11-minute walk). The closest bus stop (Highland Ctr) is 75 m away (about a 1-minute walk).

3

What is Vibes @ Kovan zoned as?

Key takeawayVibes @ 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 Vibes @ Kovan sold for?

Key takeawayAcross 11 recorded transactions since 1995, the median price is about S$1.00M, most recently in Aug 2024.
DateUsePriceAreaPSF
Aug 2024RetailS$620k312 sqft$1,986
Nov 2022RetailS$695k291 sqft$2,391
Mar 2011RetailS$1.20M517 sqft$2,323
Feb 2011RetailS$686k269 sqft$2,549
Feb 2011RetailS$713k291 sqft$2,453
Jan 2011RetailS$702k312 sqft$2,249
May 2010Shop HouseS$1.70M1,216 sqft$1,398
Aug 2009Shop HouseS$1.46M1,216 sqft$1,196
Feb 2009Shop HouseS$1.45M1,216 sqft$1,192
May 2006Shop HouseS$1.00M1,216 sqft$822

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 Kovan Road price?

Strata sales on the street (5y)
3

Too few strata sales on this street to support a median — the count is shown without one.

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

6

What do commercial rents run near Vibes @ 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 Vibes @ Kovan right now?

Key takeaway1 unit is currently listed at Vibes @ Kovan. One row per unit; several agents often market the same unit.

For sale (1)

  • Vibes @ KovanS$1.38M · 516 sqft

Browse every listing at this building →

8

What is near Vibes @ Kovan?

Key takeawayThe nearest MRT/LRT is Serangoon MRT, about 711 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Place Of Worship · 71 mHighland Ctr · 75 mGSH Clinic & Surgery · 82 mHotel · 143 mBoundary Road Park · 326 mSerangoon MRT Exit C · 640 mEducational Institution · 824 mBraddell Heights Community Club · 872 m

Competing premises nearby

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

Thong Chew Food Industries Pte Ltd · 278 mNex · 743 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at Vibes @ Kovan?

Key takeawayACRA records 10 live company registrations at this address, 5 of them in the last three years.
Live registrations
10
Registered last 3 years
5
Most common type
Sole Proprietorship/ Partnership

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 Vibes @ Kovan

Where is Vibes @ Kovan?

Vibes @ Kovan is at 93 Kovan Road, Singapore 548178, in the Hougang planning area.

What is Vibes @ Kovan zoned as?

Vibes @ 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 Vibes @ Kovan?

Vibes @ Kovan is freehold.

What have units at Vibes @ Kovan sold for?

Across 11 recorded transactions, the median price is S$1,986 psf. The latest was in August 2024.

What is the nearest MRT station to Vibes @ Kovan?

Serangoon MRT is the closest, 711 m away (about a 11-minute walk).

How many businesses are registered at Vibes @ Kovan?

10 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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This development is also registered as the residential project Vibes @ Kovan.

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