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Block 238 Serangoon Avenue 2

4 Room · Built 1985 · 59 years remaining lease MOP Cleared
Latest Sale
$745,000
Nov 2024 · 4 ROOM · Floor 04-06
Median $/sqm
$6,131
Based on 13 transactions
Total Transactions
13
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 48%
#108 / 227 Top 48%
Latest Sale ?
Top 39%
#89 / 227 Top 39%
Value ($/sqm) ?
Top 26%
#60 / 227 Top 26%
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
--
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.52%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 59 years remaining 99 years
59 years 8 months
Remaining lease
↓ 0.52%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 59 years remaining, decay is gradual (~0.52%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Nov 2024 04 TO 06 4 ROOM 105 sqm $745,000 $7,095
Sep 2024 07 TO 09 4 ROOM 84 sqm $610,000 $7,262
May 2024 01 TO 03 4 ROOM 84 sqm $600,000 $7,143
Apr 2024 04 TO 06 4 ROOM 84 sqm $600,000 $7,143
Feb 2024 10 TO 12 4 ROOM 84 sqm $658,800 $7,843
Nov 2022 10 TO 12 4 ROOM 84 sqm $515,000 $6,131
Feb 2022 04 TO 06 4 ROOM 105 sqm $615,000 $5,857
Nov 2021 07 TO 09 4 ROOM 84 sqm $532,000 $6,333
Jun 2021 10 TO 12 4 ROOM 84 sqm $490,000 $5,833
Oct 2018 10 TO 12 4 ROOM 84 sqm $515,000 $6,131
Mar 2018 04 TO 06 4 ROOM 84 sqm $475,000 $5,655
Sep 2017 01 TO 03 4 ROOM 90 sqm $440,000 $4,889
Sep 2017 01 TO 03 4 ROOM 84 sqm $445,000 $5,298
Showing 13 of 13 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 238 Serangoon Avenue 2

Block 238 at Serangoon Avenue 2 is a residential HDB block in Serangoon, Singapore, built in 1985 with approximately 59 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $440,000 to $745,000 based on 13 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $745,000 in 2024-11. The current median price per square metre is $6,131. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8716, with an annual lease decay rate of approximately 0.52%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 238 Serangoon Avenue 2 worth?

The most recent resale transaction at Block 238 Serangoon Avenue 2 was $745,000 for a 4 room flat in 2024-11. The median price per square metre across all flat types is $6,131, based on 13 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 238 Serangoon Avenue 2?

Block 238 Serangoon Avenue 2 was built in 1985 and has approximately 59 years and 8 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.52%, meaning the leasehold value decreases by approximately 0.52% per year at the current remaining lease.

What flat types are available at Block 238 Serangoon Avenue 2?

Block 238 Serangoon Avenue 2 in Serangoon contains 4 room flats. Resale prices range from $440,000 to $745,000 based on historical transaction records from data.gov.sg.

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