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Block 239 Serangoon Avenue 2

4 Room · Built 1985 · 59 years remaining lease MOP Cleared
Latest Sale
$625,000
Mar 2025 · 4 ROOM · Floor 07-09
Median $/sqm
$5,982
Based on 18 transactions
Total Transactions
18
Since Jan 2017
5-Year Trend
▲ +23.8%
Median price change
Median Price ?
Top 43%
#98 / 227 Top 43%
Latest Sale ?
Top 61%
#139 / 227 Top 61%
Value ($/sqm) ?
Top 32%
#72 / 227 Top 32%
5-Year Growth ?
Top 87%
#131 / 150 Top 87%
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
+4.4%/yr
vs
Lease Decay
−0.52%/yr
Growth assumption
Based on this block’s +23.8% growth over 5 years
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 4 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
Mar 2025 07 TO 09 4 ROOM 84 sqm $625,000 $7,440
Dec 2024 04 TO 06 4 ROOM 105 sqm $760,000 $7,238
Mar 2024 04 TO 06 4 ROOM 84 sqm $563,000 $6,702
Jun 2023 01 TO 03 4 ROOM 84 sqm $522,888 $6,225
Jan 2023 07 TO 09 4 ROOM 84 sqm $505,000 $6,012
Oct 2022 07 TO 09 4 ROOM 104 sqm $660,000 $6,346
Dec 2021 04 TO 06 4 ROOM 84 sqm $508,000 $6,048
Sep 2021 10 TO 12 4 ROOM 105 sqm $650,000 $6,190
Apr 2021 01 TO 03 4 ROOM 84 sqm $450,000 $5,357
Apr 2021 04 TO 06 4 ROOM 84 sqm $460,000 $5,476
Jan 2021 04 TO 06 4 ROOM 90 sqm $505,000 $5,611
Sep 2020 01 TO 03 4 ROOM 104 sqm $575,000 $5,529
May 2020 10 TO 12 4 ROOM 104 sqm $615,000 $5,913
Apr 2020 07 TO 09 4 ROOM 84 sqm $508,000 $6,048
Feb 2020 10 TO 12 4 ROOM 84 sqm $500,000 $5,952
Aug 2019 04 TO 06 4 ROOM 84 sqm $485,000 $5,774
Feb 2018 04 TO 06 4 ROOM 105 sqm $610,000 $5,810
Oct 2017 10 TO 12 4 ROOM 105 sqm $613,000 $5,838
Showing 18 of 18 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 239 Serangoon Avenue 2

Block 239 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 $450,000 to $760,000 based on 18 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 07 TO 09 sold for $625,000 in 2025-03. The current median price per square metre is $5,982. Over the past five years, resale prices at this block have increased by approximately 23.8%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8701, 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 239 Serangoon Avenue 2 worth?

The most recent resale transaction at Block 239 Serangoon Avenue 2 was $625,000 for a 4 room flat in 2025-03. The median price per square metre across all flat types is $5,982, based on 18 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 239 Serangoon Avenue 2?

Block 239 Serangoon Avenue 2 was built in 1985 and has approximately 59 years and 4 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 239 Serangoon Avenue 2?

Block 239 Serangoon Avenue 2 in Serangoon contains 4 room flats. Resale prices range from $450,000 to $760,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 239 Serangoon Avenue 2 gone up or down?

Resale prices at Block 239 Serangoon Avenue 2 have increased by approximately 23.8% over the past five years. The current median price is $542,944, with the most recent sale at $625,000 in 2025-03.

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