Located within an established residential area, Kovan Treasure is easily reachable via expressways, major roads and Kovan MRT Station.
Appreciate shopping and dining at nearby Heartland Mall which is just a few minutes stroll away. NEX Shopping Mall, largest sub-urban mall within Singapore’s North-East area, is just a couple of minutes drive or a train station away. For low-cost local food fares, you can go to with Market & the Kovan Food Centre. Instead, they can be lots of eateries along Upper Serangoon Road to fulfill your cravings for supper.
Kovan Treasure is in close proximity to Paya Lebar Airbase, which will be relocated in the future. This can free up an area larger than Toa Payoh and Bishan, around 800 ha, for new homes, offices and factories. Relocating the airbase additionally removes height limitations around Paya Lebar and frees up the authorities to develop new strategies for the eastern area of Singapore.
All the commercial shops for Kovan Treasure is going to be situated on the ground level. With the busy Upper Serangoon Road as the principal frontage, there will be a high volume of traffic that is human. Are commercial shops worth investing in Singapore? There are a shortage of commercial stores in Singapore and even lesser chance to possess one. For investors looking at rental return, commercial properties regularly bring more lease compare to residential properties & high rental return. Also, commercial is the only sector in the property scene of Singapore that is exempted from the cooling measures, like Added Buyers’ Stamp Duty (ABSD) & Sellers’ Stamp Duty (SSD).
The 99-years leasehold site, is located near Kovan MRT Station, is for first and residential -storey commercial use. The development estimated to yield 340 residential units and has a maximum gross floor area of 326,060 sq ft. The strong interest shown during the tender exercise is an indicator that developers are keen to bid for mixed-use sites. The very first storey commercial units which improve main road frontage, Upper Serangoon Road, will definitely bring excellent chances and powerful human traffic for businesses running there. The interest in the commercial units is expected to be high in Kovan Treasure and there is going to be a spillover effect on the buying interest for the residential units.
|Project Name||Kovan Treasure|
|Developer||Asset Legend Limited
(Subsidiary of Cheung Kong Holdings)
|Address||Upper Serangoon Road|
|Site Area||108,685 sq ft|
|Tenure||99 Years Leasehold|
|No. Of Units||TBA|
|No. of Storeys||TBA|
Kovan Treasure is located within an established residential estate. Kovan MRT Station is located only a stone throw away, joining you to the remainder of Singapore via the Northeast line.