FreeholdOCRDistrict 19 (Hougang)

Kovan Jewel

Reviewed by Nathan TangUpdated 24 September 2026Data through Sept 2025 (URA)
Quick Summary

Kovan Jewel is a freehold apartment in District 19 (Hougang) that obtained TOP in 2024, with 34 units across 1 block. Across 19 transactions on record, units have recently transacted around S$2.40M (S$2,146 psf, ~1,141 sqft). There are 76 units for sale from S$1.38M to S$4.25M.

Key facts about Kovan Jewel
TenureFreehold
TOP year2024
DeveloperSOON LIAN REALTY PTE LTD
Units34 in 1 block
District and areaDistrict 19 · Hougang · OCR
Nearest MRTKovan MRT, 517 m (~8 min walk)
Latest median psfS$2,146 psf, last 12 URA caveats to Sep 2025
1

What's for sale and for rent at Kovan Jewel?

Key Takeaway

Kovan Jewel has 76 units listed for sale, asking S$1.38M to S$4.25M (median S$2,216 psf), and 0 units for rent.

For sale

76 listings

S$1.38M – S$4.25M

For rent

0 listings

no asking rents

BedroomsFor saleAsking priceMedian PSF
1-bedroom24S$1.38M–S$4.09MS$2,265 psf
2-bedroom10S$1.38M–S$1.63MS$2,292 psf
3-bedroom14S$2.40M–S$2.72MS$2,196 psf
4-bedroom24S$4.08M–S$4.25MS$2,054 psf
5-bedroom4S$4.08M–S$4.09MS$2,049 psf

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at Kovan Jewel?

Key Takeaway

Floor plans for Kovan Jewel aren't in PropKaki's library yet. Across 19 URA caveats, units range from 624 sqft to 2,153 sqft, and the middle half are 1,076 sqft to 1,141 sqft.

Unit typeSizes listed for saleAsking from
1-bedroom624 sqft to 1,991 sqftS$1.38M · S$2,265 psf
2-bedroom624 sqft to 721 sqftS$1.38M · S$2,292 psf
3-bedroom1,076 sqft to 1,238 sqftS$2.40M · S$2,196 psf
4-bedroom1,991 sqft to 2,153 sqftS$4.08M · S$2,054 psf
5-bedroom1,991 sqftS$4.08M · S$2,049 psf

Check the Floor Plan Finder for Kovan Jewel →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

What is the price and PSF at Kovan Jewel?

Key Takeaway

Units have recently transacted around S$2.40M (S$2,146 psf), at a gross rental yield of about 1.9% (URA caveat data).

Recent median price

S$2.40M

recent · 19 sales on record

Median PSF

S$2,146 psf

recent transactions

Median rent (monthly)

S$3,700

15 rentals on record

Gross rental yield

1.9%

indicative, gross

Units currently for sale are asking a median of S$2,216 psf — about 3% above the most recent transacted PSF.

Source: URA caveat data, through Sept 2025.

4

What has recently sold at Kovan Jewel?

Key Takeaway

Kovan Jewel has 19 recorded sales; the most recent transacted at S$1,425,000 in Sept 2025 (URA caveat data).

DatePriceSize (sqft)PSF
Sept 2025S$1,425,000624S$2,283 psf
Feb 2025S$2,448,8001,141S$2,146 psf
Feb 2025S$2,406,8001,076S$2,236 psf
Dec 2024S$2,511,9001,141S$2,202 psf
Nov 2024S$2,346,9001,141S$2,057 psf
Nov 2024S$2,450,5001,141S$2,148 psf
Aug 2024S$2,398,0001,076S$2,228 psf
Aug 2024S$1,548,000721S$2,146 psf
Aug 2024S$2,445,5001,141S$2,143 psf
Jul 2024S$2,357,7001,076S$2,190 psf
May 2024S$2,386,8501,141S$2,092 psf
May 2024S$4,206,0002,153S$1,954 psf

19 sales and 15 rentals on record since Nov 2022. Source: URA.

5

Are prices at Kovan Jewel rising?

Key Takeaway

The median transacted PSF at Kovan Jewel has risen 6% over the past 3 years (20222025), from S$2,119 psf to S$2,236 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2025S$2,236 psfS$2.41M3+4.2%
2024S$2,146 psfS$2.40M9+0.9%
2023S$2,126 psfS$2.34M3+0.3%
2022S$2,119 psfS$1.53M4

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

6

Is Kovan Jewel a good investment?

Key Takeaway

Kovan Jewel has no resales on record yet, so it has no track record of its own. Across District 19, 90% of 30,979 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 29% over a median 7.0-year hold (URA caveats, before costs). Its gross rental yield is about 1.9%. Units listed now ask about 3% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

District 19 sold for more

90%

of 30,979 private resales

Median gain

29%

gross, before costs

Median hold

7.0 years

bought to resold

Kovan Jewel has fewer than 10 matched resales, so the figures are for District 19 as a whole. Check the odds for your unit size and holding period →

7

Where is Kovan Jewel and what's nearby?

Key Takeaway

Kovan Jewel is located in Hougang, in the North-East Region of Singapore.

Kovan Jewel is a freehold apartment completed in 2024. It was developed by SOON LIAN REALTY PTE LTD. The development has 34 residential units. It sits on a land area of 2,517 sqm and has a gross floor area of 3,524 sqm. The plot ratio is 1.4.

KOVAN JEWEL is located at 51 Kovan Road, Singapore 548534. It is part of District 19, Serangoon Garden / Hougang / Punggol, Hougang. The project falls within the North-East Region and the OCR market segment.

The nearest rail connection is Kovan MRT, approximately 517m away, around 8 minutes on foot. Nearby amenities include Heartland Mall Kovan for shopping, NTUC Fairprice Co-operative Ltd for groceries, Kovan Market & Food Centre for food options, and Richards Ave Pk for greenery and recreation. Facilities in the development include Barbeque Area, Car Park, Children's Pool, Gymnasium room, Lap pool, and Multi-purpose hall.

8

How far is Kovan Jewel from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Kovan Jewel is Kovan MRT, about 517 m away (~8 min walk). 1 school is within 1 km.

Getting around

Schools nearby

  • Paya Lebar Methodist Girls' School (Secondary)Secondary schoolwithin 1 km882 m
  • Yuying Secondary SchoolSecondary school1.0 km
  • Paya Lebar Methodist Girls' School (Primary)Primary school1.0 km
  • Anderson Serangoon Junior CollegeJunior college1.0 km
  • Xinghua Primary SchoolPrimary school1.0 km
  • Peicai Secondary SchoolSecondary school1.2 km
  • Zhonghua Primary SchoolPrimary school1.3 km
  • St. Gabriel's Secondary SchoolSecondary school1.4 km

Shops, food & parks

Mall: Heartland Mall Kovan · 495 mSupermarket: NTUC Fairprice Co-operative Ltd · 332 mHawker centre: Kovan Market & Food Centre · 572 mPark: Richards Ave Pk · 368 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

Who built Kovan Jewel and how big is the development?

Key Takeaway

Kovan Jewel was developed by SOON LIAN REALTY PTE LTD, with 34 units over up to 5 storeys.

Developer
SOON LIAN REALTY PTE LTD
Floors
5 storeys
Blocks
1
Land area
2,517 sqm (27,093 sqft)
Gross floor area
3,524 sqm (37,932 sqft)
Plot ratio
1.40
10

What facilities does Kovan Jewel have?

Key Takeaway

Kovan Jewel has 9 facilities, including Barbeque Area, Car Park, Children's Pool, Gymnasium room, and more.

Barbeque AreaCar ParkChildren's PoolGymnasium roomLap poolMulti-purpose hallPavillion24 hours securitySwimming pool
11

What does it cost to own a unit at Kovan Jewel?

Key Takeaway

Buying a unit at Kovan Jewel (~S$2.40M) needs about S$17,554/mo in income and S$8,076/mo in repayments, after S$89,500 stamp duty and a S$600k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.40M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$89,500

BSD, tiered

Downpayment (25%)

S$600k

cash + CPF

Monthly instalment

S$8,076/mo

30y @ 3.5%

Income required

S$17,554/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

12

How many property agents are active around Kovan Jewel?

Key Takeaway

11,112 CEA-registered agents closed at least one recorded deal in District 19 — where Kovan Jewel sits — in the last 12 months, across all property types.

Active agents · 12mo

11,112

District 19 · closed ≥1 deal

Deals on record

72,395

all-time · all property types

Source: CEA public transaction records, attributed to District 19 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

Thinking about Kovan Jewel? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Kovan Jewel's own transactions.

PropKaki
Is Kovan Jewel a good buy, and what are units selling for?

Recent units at Kovan Jewel sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
13

Frequently asked questions about Kovan Jewel

Is Kovan Jewel freehold?

Yes. Kovan Jewel is freehold, so ownership does not run out.

How old is Kovan Jewel?

Kovan Jewel was completed (obtained TOP) in 2024, so it is about 2 years old.

Is Kovan Jewel a good investment?

Kovan Jewel has no resales on record yet, so it has no track record of its own. Across District 19, 90% of 30,979 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 29% over a median 7.0-year hold (URA caveats, before costs). Its gross rental yield is about 1.9%. Units listed now ask about 3% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Is Kovan Jewel an EC?

No. Kovan Jewel is a private apartment development, not an executive condominium (EC).

Who is the developer of Kovan Jewel?

Kovan Jewel was developed by SOON LIAN REALTY PTE LTD.

What is the price of a condo at Kovan Jewel?

Units at Kovan Jewel have recently sold for around S$2.40M (S$2,146 psf), the median of the last 12 URA caveats to Sep 2025. The price depends on size, floor and facing. 76 units are listed for sale from S$1.38M to S$4.25M.

Where is Kovan Jewel located?

Kovan Jewel is at 51 Kovan Road, Singapore 548534, in Hougang (District 19). The nearest MRT station is Kovan MRT, about 517 m away.

How many units are there in Kovan Jewel?

Kovan Jewel has 34 units in 1 block, up to 5 storeys high.

How much do I need to earn to buy at Kovan Jewel?

For a unit around S$2.40M as a first home, you'd need roughly S$17,554/mo in income (assessed at the stress-test rate), with repayments near S$8,076/mo after a S$600k (25%) downpayment and S$89,500 Buyer's Stamp Duty.

Are prices at Kovan Jewel going up?

The median price per square foot at Kovan Jewel has risen about 6% between 2022 and 2025, based on URA caveats. The year-by-year figures are in the price-trend table above.