Friday, November 2, 2012
Project Spotlight: Kovan Regency
Hoi Hup's Kovan Regency, consisting of 393
mixed condominium and strata-landed housing units, were among the top five
best-selling projects in September.
The 99-year leasehold Kovan Regency has a
wide range of unit types: one-bedroom (506 to 700sqft), two-bedroom (624 to 775sqft), three-bedroom (893 to
1,389sqft), four-bedroom (1,281 to 1,507sqft) units, penthouses (689 to
2,260sqft) and strata terraces (3,692sqft to 3,864sqft). During its launch last
month, it sold 369 units at a median price of $1,275sqft. In fact, over 90% of
the units sold were done in the first weekend of private previews.
2-bedroom (624sqft)
3-bedroom (893sqft)
4-bedroom (1,281sqft)
According to Lisa Goh, property development
manager of Hoi Hup, Kovan Regency's smaller units sold the fastest. Most of the
buyers are locals who already own a landed property in the Simon Road area, observes Goh. She notes
that there have been families who purchased several units on the same floor in
order to live close to one another. While there have been a few investors, Goh says
most of the buyers are getting the units for their own use.
The main attraction among buyers is Kovan
Regency's proximity to the Kovan MRT Station. It's also located within walking
distance to Heartland Mall and Kovan Hougang Market and Food Centre. Schools
such as Paya Lebar Methodist Girls, Xinmin
Primary School , and Yuying Secondary School
are also nearby. The development will be completed in 2016.
Kovan Regency is Hoi Hup's second launch
this year. It launched the 99-year leasehold, 376-unit Sea Esta in Pasir Ris
earlier this year. The development consists of one- to four-bedroom units and
penthouses and is located close to White Sands shopping centre, Loyang Point
and E!Hub Downtown East. According to Goh, there are 16 units left for sale at
Sea Esta.
Source: THEEDGE SINGAPORE
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Kovan Regency is a haven for families, with its spacious units and kid-friendly amenities. The sparkling pool and playground are sure to keep the little ones entertained, while the nearby schools and parks provide a nurturing environment for their growth.
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