Stars of Kovan units fetch even less than expected

60 homes sold over weekend at average S$1,408 psf, below Friday's downgraded average of S$1,417 psf

Anita Gabriel

Anita Gabriel

Published Sun, May 22, 2016 · 09:50 PM

Singapore

CHEUNG Kong Property Holdings has sold around 60 units of its private condominium project Stars of Kovan at an average price of S$1,408 per square foot - lower than the average pricing that it had indicated ahead of the VIP pre-sale over the weekend.

The one-bedroom to three-bedroom units ranged between S$1,227 and S$1,554 psf, the firm told The Business Times. The Stars of Kovan units were priced from S$666,400 to S$1,412,600.