Skip to content

Block 240 Serangoon Avenue 2

4 Room · Built 1985 · 58 years remaining lease MOP Cleared
Latest Sale
$696,000
Jan 2026 · 4 ROOM · Floor 07-09
Median $/sqm
$7,039
Based on 12 transactions
Total Transactions
12
Since Jan 2017
5-Year Trend
▲ +45%
Median price change
Median Price ?
Top 32%
#73 / 227 Top 32%
Latest Sale ?
Top 45%
#102 / 227 Top 45%
Value ($/sqm) ?
Top 3%
#7 / 227 Top 3%
5-Year Growth ?
Top 17%
#25 / 150 Top 17%
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
+7.7%/yr
vs
Lease Decay
−0.54%/yr
Growth assumption
Based on this block’s +45% 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 58 years remaining 99 years
58 years 7 months
Remaining lease
↓ 0.54%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 58 years remaining, decay is gradual (~0.54%/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
Jan 2026 07 TO 09 4 ROOM 84 sqm $696,000 $8,286
Oct 2025 07 TO 09 4 ROOM 90 sqm $720,000 $8,000
Sep 2025 10 TO 12 4 ROOM 105 sqm $850,000 $8,095
Jul 2024 07 TO 09 4 ROOM 90 sqm $645,000 $7,167
Jul 2023 10 TO 12 4 ROOM 104 sqm $770,000 $7,404
Mar 2023 10 TO 12 4 ROOM 105 sqm $768,000 $7,314
Dec 2022 07 TO 09 4 ROOM 90 sqm $622,000 $6,911
Nov 2021 04 TO 06 4 ROOM 84 sqm $488,000 $5,810
Jun 2021 10 TO 12 4 ROOM 84 sqm $505,000 $6,012
Dec 2019 07 TO 09 4 ROOM 90 sqm $520,000 $5,778
Feb 2018 07 TO 09 4 ROOM 105 sqm $615,000 $5,857
Apr 2017 07 TO 09 4 ROOM 84 sqm $500,000 $5,952
Showing 12 of 12 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 240 Serangoon Avenue 2

Block 240 at Serangoon Avenue 2 is a residential HDB block in Serangoon, Singapore, built in 1985 with approximately 58 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $488,000 to $850,000 based on 12 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 07 TO 09 sold for $696,000 in 2026-01. The current median price per square metre is $7,039. Over the past five years, resale prices at this block have increased by approximately 45%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8667, with an annual lease decay rate of approximately 0.54%. 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 240 Serangoon Avenue 2 worth?

The most recent resale transaction at Block 240 Serangoon Avenue 2 was $696,000 for a 4 room flat in 2026-01. The median price per square metre across all flat types is $7,039, based on 12 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 240 Serangoon Avenue 2?

Block 240 Serangoon Avenue 2 was built in 1985 and has approximately 58 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.54%, meaning the leasehold value decreases by approximately 0.54% per year at the current remaining lease.

What flat types are available at Block 240 Serangoon Avenue 2?

Block 240 Serangoon Avenue 2 in Serangoon contains 4 room flats. Resale prices range from $488,000 to $850,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 240 Serangoon Avenue 2 gone up or down?

Resale prices at Block 240 Serangoon Avenue 2 have increased by approximately 45% over the past five years. The current median price is $633,500, with the most recent sale at $696,000 in 2026-01.

Link copied to clipboard