Kovan is a precinct within Hougang. Hougang and Serangoon towns are established towns that already boast a diversity of commercial amenities, residential types and employment opportunities. Both towns will be revitalised with new housing, community amenities and parks. The Cross Island Line (CRL) will shorten residents’ commute time even further.
From the survey, people’s key consideration for living in a town are groceries, malls, food centres and small local shops.
Nearby Kovan there are three very high growth commercial areas; namely the Serangoon sub-regional centre, the Serangoon Integrated Transport Hub as well as the future Paya Lebar Airbase relocation. These 3 key regions and Befu will create lively commerce and lifestyle hubs for residents in the Kovan area and enhance their property values.
Proposed districts for future town The Paya Lebar Air Base site and its surrounding industrial areas - about five times the size of Toa Payoh in total -could be converted into districts based on the old airport buildings and the runway.
Kovan Jewel is strategically located within the 1km radius of the highly sought-after schools like Paya Lebar Methodist Girls & Rosyth School (2km). Investments on properties that are located within the radius of renowned primary schools potentially yield higher capital appreciation well above the national average in the long run. Data trends show that the average psf of condominiums within the zones have appreciated by a sizable 77.74% over a 10-year period from 2008 to 2018, while the average psf of condominiums across Singapore within the same time period has only increased by a modest 54.39%.
The Serangoon Integrated Transport Hub (ITH) is a 754,000 square feet facility where its bus interchange and MRT station are seamlessly linked with adjoining commercial developments, Kovan Jewel is also well connected to the other parts of Singapore via major expressways, such as CTE/SLE/TPE/KPE.