At Stars of Kovan, developer Cheung Kong Property Development has saved the best for last — five strata terrace units, which it has held back from launch until now. Here are the reasons why these strata terrace units are a rare find:
VALUE BUY
There are no other mixed-use developments in the Kovan and Serangoon area that offer high-end apartment units, upscale strata retail and luxury strata terrace units. At $2.34 million each, or $1,279 psf, the strata terrace units at Stars of Kovan are priced to sell.
EASY ACCESS & CONNECTIVITY
The Kovan neighbourhood is sought after by both investors and homebuyers as it is an established private residential estate. Over the past decade, new private condos, trendy cafes and restaurants have opened in the area, catering to a younger and more affluent crowd. Top schools in the area include Paya Lebar Methodist Girls’ School, Rosyth School and Holy Innocents’ High School.
Stars of Kovan is well-situated at the junction of Serangoon Road and Tampines Road, just across the road from the Kovan MRT station. The biggest shopping mall in the northeast region, NEX, is located just one MRT stop away. NEX is integrated with the Serangoon MRT interchange station for the North- East and Circle Lines as well as the bus interchange.
Punggol North, which has been designated Singapore’s first “Enterprise District”, with growth clusters focusing on digital and cybersecurity, will soon be within easy reach when the extension of the North-East Line is completed by 2023. This will make the new growth corridor more accessible, as more trains are in the pipeline, greatly reducing waiting times during peak hours.
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BEST OF BOTH WORLDS
A mixed-use development, Stars of Kovan contains both residential and commercial units. It has 46 carefully selected premium shops with classy designs, shop fronts and fittings.
Stars of Kovan also has 390 apartment units that are 98% sold. The developer is now rolling out the five exclusive strata terrace units. Sized at 1,830 sq ft each, the strata terrace units span three floors with ceiling heights of up to 3.4m. Each strata terrace unit comes with a private spa pool at the balcony, spacious living and dining area, well-appointed kitchen as well as three bedrooms, including a luxurious master suite and junior master suite. Top-end fixtures include SMEG kitchen appliances as well as Duravit, Hansgrohe and Kohler bathroom accessories and fittings.
The strata terrace units at Stars of Kovan enjoy the best of both worlds: As the units are designed as luxurious private landed residences, owners will be able to enjoy a wide range of privileges such as 24-hour security, top notch property management and landscaping, and access to all the clubhouse facilities, including a 50m swimming pool and spa, and gymnasium.
BLUE-CHIP DEVELOPER
The developer of Stars of Kovan, Cheung Kong Property Development, is a subsidiary of CK Asset Holdings (formerly known as Cheung Kong Property Holdings), which is owned by Hong Kong tycoon Li Ka-shing. CK Asset Holdings has a string of fully sold and completed residential projects across Singapore, from Cairnhill Crest in prime District 9 to Thomson Grand in the sought-after Upper Thomson neighbourhood and The Vision in the West Coast.
This article appeared in The EdgeProp Pullout Issue 808 (December 4, 2017) of The Edge Singapore.