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Block 244 Serangoon Avenue 2

4 Room · Built 1985 · 64 years remaining lease MOP Cleared
Latest Sale
$490,000
Mar 2020 · 4 ROOM · Floor 01-03
Median $/sqm
$5,506
Based on 1 transactions
Total Transactions
1
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 62%
#141 / 227 Top 62%
Latest Sale ?
Top 86%
#196 / 227 Top 86%
Value ($/sqm) ?
Top 46%
#104 / 227 Top 46%
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
−0.43%/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 64 years remaining 99 years
64 years 6 months
Remaining lease
↓ 0.43%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 64 years remaining, decay is gradual (~0.43%/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 2020 01 TO 03 4 ROOM 89 sqm $490,000 $5,506
Showing 1 of 1 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 244 Serangoon Avenue 2

Block 244 at Serangoon Avenue 2 is a residential HDB block in Serangoon, Singapore, built in 1985 with approximately 64 years remaining on its 99-year lease. The block contains 4 room flats, with resale prices ranging from $490,000 to $490,000 based on 1 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $490,000 in 2020-03. The current median price per square metre is $5,506. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8913, with an annual lease decay rate of approximately 0.43%. 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 244 Serangoon Avenue 2 worth?

The most recent resale transaction at Block 244 Serangoon Avenue 2 was $490,000 for a 4 room flat in 2020-03. The median price per square metre across all flat types is $5,506, based on 1 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 244 Serangoon Avenue 2?

Block 244 Serangoon Avenue 2 was built in 1985 and has approximately 64 years and 6 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.43%, meaning the leasehold value decreases by approximately 0.43% per year at the current remaining lease.

What flat types are available at Block 244 Serangoon Avenue 2?

Block 244 Serangoon Avenue 2 in Serangoon contains 4 room flats. Resale prices range from $490,000 to $490,000 based on historical transaction records from data.gov.sg.

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