Kovan Residences preview sells 50

Average price is $870-900 psf; buyers mostly Singaporeans MORE than 50 units have been sold at Kovan Residences since a private preview party last Saturday. The average price at the 99-year leasehold condominium next to Kovan MRT Station is between $870 per square foot (psf) and $900 psf. And the units sold so far include three penthouses that fetched about $2 million to $3 million each. Buyers up to now are mainly Singaporeans, most of whom have private home addresses, although a few HDB upgraders have also bought. ‘We have attracted buyers who are purchasing for their own occupation as well as for investment because of the convenient location next to an MRT station,’ said Centurion Properties CEO Tony Bin, whose company is the majority shareholder of the project’s developer Centurion Kovan. Lian Beng is another shareholder,... [read full story]