240 Serangoon Avenue 2 HDB For Sale: The Definitive Guide to Serangoon Resale Flats
Welcome to the most comprehensive guide on 240 Serangoon Avenue 2 HDB for sale. At Homejourney, we prioritize your safety and trust in every property decision, verifying listings and providing transparent insights so you can confidently buy Serangoon HDB for sale. This pillar resource covers everything from current flat prices to grants, financing, and the resale process for this prime Serangoon block.[1][2][8]
Whether you're a first-time buyer eyeing HDB resale flats or upgrading in Serangoon, discover why Block 240 stands out in this mature estate near NEX Mall and Serangoon Gardens.
Table of Contents
- Property Overview
- Available Flats for Sale
- Why Buy at 240 Serangoon Avenue 2
- HDB Resale Price Analysis
- HDB Buyer Eligibility
- HDB Grants for Buyers
- Financing Your HDB Purchase
- The HDB Resale Buying Process
- FAQ
Property Overview: Block 240 Serangoon Avenue 2
Block 240 Serangoon Avenue 2 is a 99-year leasehold HDB built in 1984 with 12 floors and 88 units of 4-room flats.[8][9][10] Located in mature Serangoon estate, it's prized for its central north-eastern position blending convenience and community vibe.
Serangoon offers HDB living at its best: walk to NEX Mall (5-min drive), Serangoon Gardens eateries, and hawker centres. Many blocks like 240 have undergone Home Improvement Programme (HIP) upgrades, featuring modern lifts and renovated common areas – insider tip: check HIP status via HDB portal for exact works done.[1]
Remaining lease averages 58-60 years on recent sales, sufficient for CPF usage but factor in for long-term plans.[1] Homejourney verifies all listings for safety, ensuring transparent Serangoon resale flats info.
Serangoon Estate Character
Serangoon's mix of HDB heartlands and upscale pockets like Chomp Chomp draws families. Block 240 enjoys quiet residential feel yet proximate to amenities – perfect for buy HDB seekers wanting balance.
Available Flats for Sale at 240 Serangoon Avenue 2
Primarily 4-room flats (90-105 sqm), current listings hover around S$688,000, with 3 units noted recently.[3][4][6] High-floor units (10-12) with unblocked views command premiums, e.g., S$850,000 for 105 sqm.[1]
Expect renovated units with aircon, built-in cabinets – popular for quick moves. View HDB resale flats for sale near 240 Serangoon Avenue 2 on Homejourney for verified listings and photos.
| Flat Type | Typical Size (sqm) | Price Range (2025-2026) | PSF Range |
|---|---|---|---|
| 4-Room | 84-105 | S$696K - S$850K | S$8,095 - S$8,286[1][2] |
Disclaimer: Prices fluctuate; check Homejourney for live Serangoon flat data. No 3/5-room at this block.[9]
Why Buy at 240 Serangoon Avenue 2: Location & Lifestyle
Proximity defines value: 800m to Lorong Chuan MRT (Circle Line, 10-min walk Exit A), 1.2km to Serangoon MRT (North East Line).[3] Nex Mall (supermarkets, cinemas) is 1.5km away – weekend staple for families.
Schools within 1km: Zhonghua Primary, Rosyth School – key for CHS priority admission. Parks like Serangoon Park Connector for jogs. Hawker at 49A Serangoon Garden Way (roti prata heaven, 7-min drive).
- Transport: Easy access to CTE/KPE; bus stops 10s walk.
- Amenities: Chomp Chomp Food Centre (5-min drive), NTUC FairPrice nearby.
- Community: Tight-knit, low crime – Homejourney users rave about safety.[1]
Insider tip: High floors face greenery, avoiding west sun – cooler afternoons.
HDB Resale Price Analysis for 240 Serangoon Avenue 2
Recent 4-room sales: S$645K (Jul 2024, 90sqm, 60yrs lease), S$850K (Sep 2025, 105sqm), S$720K (Oct 2025), S$696K (Jan 2026).[1][2] PSF S$726-S$761, up from S$500K in 2017.[2][8]
Serangoon trends: 10-15% rise past 3 years, driven by MRT upgrades. Block 240 premiums from location; nearby blocks similar but 240 edges on views. Factors: Floor level (+10% high floor), lease (min 30yrs for CPF), renovated status.
| Date | Price | Size (sqm) | Floor | Lease (yrs) |
|---|---|---|---|---|
| Jan 2026 | S$696K | 84 | 7-9 | 58[1] |
| Sep 2025 | S$850K | 105 | 10-12 | 58 |
| Jul 2024 | S$645K | 90 | 7-9 | 60 |
Rental yields S$3,300-S$3,900/month, attractive for investors.[1] Compare via Homejourney projects directory.
HDB Buyer Eligibility for Resale Flats
SC, SC/PR, PR/PR (after 3yrs PR) can buy resale. Family nucleus required (married couples, parents/orphaned siblings). No income ceiling unlike BTO. Singles 35+ for 2-room Flexi only (not at 240).
Check Ethnic Integration Policy (EIP)/SPR quota for Block 240 via HDB – Homejourney agents assist. PHG eligible if near parents.
HDB Grants for Buying at Serangoon Avenue 2
First-timers: CPF Housing Grant (CHG) up to S$80,000; Enhanced-CHG (E-CHG) up to S$80,000 (income-based). Proximity Housing Grant (PHG) S$30,000. Multi-Generational Bonus S$0 (merged). Total up to S$190,000 for eligible.[HDB.gov.sg]
- CHG: SC family S$80K, SC/PR S$50K.
- E-CHG: Additional for low-income (<S$9K/month).
- Conditions: First resale purchase, min 5yrs occupation.
Verify on HDB site; Homejourney simplifies applications safely.
Financing Your HDB Purchase at 240 Serangoon Avenue 2
HDB loan: 80% LTV, 2.6% fixed (income <S$14K). Bank: 75% LTV, ~3-4% variable. Use CPF OA (downpayment 5-25%, installments). Cash min 5% HDB/25% bank.
E.g., S$750K flat: HDB loan S$600K, downpayment S$150K (S$37.5K cash + CPF). Monthly ~S$2,800 (30yrs). Check your HDB loan eligibility on Homejourney.
| Flat Price | HDB Loan Monthly (30yrs) | Bank Loan Monthly |
|---|---|---|
| S$700K | ~S$2,600 | ~S$2,900 |
| S$800K | ~S$2,950 | ~S$3,300 |
Lease caveat: <60yrs may limit CPF top-up. Link to Homejourney projects for comps.
The HDB Resale Buying Process: Step-by-Step
- Eligibility: Get HFE letter online (free, valid 6mths).
- Search: Browse Homejourney property search.
- OTP: Pay S$1K-S$10K fee to seller (3 weeks validity).
- Resale Application: Submit to HDB with docs (8wks processing).
- Completion: Pay balance, collect keys (8-12wks total).
Checklist: NRIC, income docs, HFE. Schedule a viewing with Homejourney HDB specialist. See similar guides like 327 Bt Batok Street 33 HDB For Sale: Bukit Batok Resale Flats Guide .
FAQ: 240 Serangoon Avenue 2 HDB For Sale
What is the price of 4-room flats at 240 Serangoon Avenue 2?
Recent sales S$696K-S$850K (PSF S$8K+).[1][2]
Is Block 240 near MRT?
Yes, 10-min walk to Lorong Chuan MRT.[3]
Can PR buy resale HDB here?
Yes, after 3yrs PR, subject to quotas.
What grants for first-timers?
Up to S$160K CHG + E-CHG.[HDB.gov.sg]
How to maintain post-purchase?
Check Homejourney aircon services for upkeep.
Ready for 240 Serangoon Avenue 2 for sale? Homejourney ensures safe, verified journeys – browse now, calculate affordability, or contact agents. Your trusted partner in Serangoon HDB for sale.
References
- Singapore Property Market Analysis 1 (2026)
- Singapore Property Market Analysis 2 (2026)
- Singapore Property Market Analysis 8 (2026)
- Singapore Property Market Analysis 9 (2026)
- Singapore Property Market Analysis 10 (2026)
- Singapore Property Market Analysis 3 (2026)
- Singapore Property Market Analysis 4 (2026)
- Singapore Property Market Analysis 6 (2026)
