This 21-Year-Old Condo Didn’t Sell Out Initially, Yet Became A Top Performer

Kovan Melody, a 99-year leasehold condo in District 19, had a surprisingly low-profile sales launch given the strength of its location. The 778-unit development on Kovan Road sold 35 units when it launched over the Aug 28 and 29 weekend in 2004, according to transaction data.

This is a project that sits next to Kovan MRT station on the North-East Line (NEL), and is one stop away from Serangoon MRT Interchange where the NEX Megamall is located. But Kovan Melody is also next to Heartland Mall Kovan, and this proximity makes it one of the most conveniently located condos in the Outside Central Region (OCR). Nonetheless, there was no big launch crowd and no instant sellout. The development was completed in 2006, and by the end of that year had sold 520 units (67%).

Kovan Melody seemed to slip under the radar for decades, before emerging in 2025 as one of the top performing resale condos. Here’s a look at why this leasehold, 778-unit condo topped our chart this year:

A quick note on methodology

For this analysis, we looked at units that were purchased in 2014 and were held by the same owner until the unit was sold in 2025. We also focused only on projects with at least five resale transactions in 2025 to avoid distortions from outliers.

Let’s look at Kovan Melody’s performance from its launch in 2004 to Q3 2025: