240 Serangoon Avenue 2 HDB Price Trends and Resale Analysis
Block 240 Serangoon Avenue 2 offers 4-room HDB resale flats transacting recently at $696,000 to $850,000, with PSF around $743-$770, making it a strong value in mature Serangoon.[1][2]
This cluster dives into 240 Serangoon Avenue 2 HDB Price Trends and Resale Analysis, building on our pillar guide 240 Serangoon Avenue 2 HDB For Sale: Ultimate Serangoon Resale Guide | Homejourney. At Homejourney, we verify every listing for your safety, helping you buy Serangoon HDB for sale with confidence.
Property Overview: Block 240 Serangoon Avenue 2
Block 240 on Serangoon Avenue 2 is a well-maintained HDB in Serangoon, a north-eastern mature estate loved for its blend of convenience and community. Built in the 1980s, it features 4-room flats around 84-105 sqm (904-1130 sqft) with ~58 years lease remaining.[1][2]
Serangoon's charm lies in NEX Mall (10-min walk), Serangoon Gardens eateries, and hawker centres like Serangoon Garden Market. Many units have undergone HIP upgrades, including new lifts and facades. Insider tip: High-floor units (7-12) here catch breezes from nearby parks, ideal for families.
Why buyers love it: Proximity to Kovan MRT (CC13, 12-min walk via Exit A) and schools like Zhonghua Primary (under 1km).[1]
Available Flats for Sale at 240 Serangoon Avenue 2
Typical listings are 4-room flats, with high-floor, unblocked views most sought-after. Current expectations: 4-room at $680,000-$850,000 ($730-$770 PSF).[1][2]
- Recent sale: Jan 2026, 84 sqm 4-room, $696,000 ($770 PSF), floors 7-9.[1]
- Sep 2025: 105 sqm Model A, $850,000 ($752 PSF), top floors 10-12.[2]
- Oct 2025: 90 sqm Simplified, $720,000 ($743 PSF).[1]
Action: View HDB resale flats for sale near 240 Serangoon Avenue 2 on Homejourney – all verified for trust.
Why Buy at 240 Serangoon Avenue 2
This block shines with amenities: 5-min walk to Serangoon MRT (NE12), 8-min to NEX for shopping/Sheng Siong. Parks like Serangoon North Park (400m) for jogs, and food at 49A Serangoon Garden Way hawker (chicken rice heaven for locals).
Schools: Pei Hwa Presbyterian Primary (950m, Phase 2A ballot priority). Transport: NEL and upcoming Cross Island Line. Community vibe is family-friendly, with low crime – perfect for upgraders.[1]
Estate quality: Recent lift upgrading ensures accessibility. Local insight: Corner units face open spaces, great for feng shui-conscious buyers.
HDB Resale Price Analysis for 240 Serangoon Avenue 2
Recent transactions at Block 240 show steady growth: From $645,000 (Jul 2024) to $850,000 (Sep 2025), averaging $720,000 for 4-rooms.[1][2]
Serangoon Avenue 2 trends: 3-room $468,000-$495,000 ($725-$766 PSF); 4-room $620,000-$720,000 ($631-$770 PSF) over 2025-2026.[1] PSF up ~5% YoY, driven by location and lease stability (58+ years).[1]
| Month | Flat Type | Price | PSF | Size |
|---|---|---|---|---|
| Jan 2026 | 4-room | $696,000 | $770 | 84 sqm |
| Oct 2025 | 4-room | $720,000 | $743 | 90 sqm |
| Sep 2025 | 4-room | $850,000 | $752 | 105 sqm |
Factors: High floors +10-15% premium; remaining lease >30 years allows full CPF use. Compares well to town median (4-room ~$700K).[1] Disclaimer: Prices fluctuate; check HDB Resale Portal for latest. Homejourney verifies data for accuracy.
HDB Buyer Eligibility for Resale Flats
Singapore Citizens (SC), SC+PR, or PR+PR (after 3 years PR) can buy resale HDB. Family nucleus needed (e.g., married couples). No income ceiling unlike BTO. Singles 35+ for 2-room Flexi only.
Check Ethnic Integration Policy (EIP) and SPR quota for Block 240 via HDB – Homejourney advisors guide you. Reference: HDB.gov.sg.
HDB Grants for Buyers
First-timers: CPF Housing Grant up to $80,000; Enhanced-CHG up to $80,000 (income-based). Proximity Grant $30,000 near parents/kids. Total up to $190,000 stackable.
- Eligibility: SC family nucleus, first resale buy.
- Conditions: Income ≤$14,000/mth for EHG; apply via HFE letter.
Verify on HDB.gov.sg. Homejourney simplifies grant checks.
Financing Your HDB Purchase
HDB loan: 80% LTV, 2.6% fixed rate (income ≤$14K). Bank loan: 75% LTV, ~3-4% variable, no ceiling. Use CPF OA (full for downpayment if lease >30yrs); min 5% cash (HDB) or 25% (bank).
Example: $700K 4-room – HDB loan monthly ~$2,500 (30yrs). Check your HDB loan eligibility and monthly payments on Homejourney.
The HDB Resale Buying Process
- Check eligibility: Use HDB HFE letter (free online).
- Search & negotiate: Browse Homejourney's verified 240 Serangoon Avenue 2 for sale listings.
- OTP: Pay $1K-$2K fee, 21 days validity.
- Resale application: HDB approves (4-6 wks).
- Complete: 8-12 wks total; key collection.
Documents: NRIC, income proof, HFE. Schedule a viewing with an HDB specialist agent on Homejourney for seamless process.
FAQ: 240 Serangoon Avenue 2 HDB Resale
Q: What is the latest resale price at Block 240?
A: Jan 2026: $696K (4-room, $770 PSF).[1]
Q: Are grants available for Serangoon HDB resale?
A: Yes, up to $190K for first-timers; no income ceiling.[HDB.gov.sg]
Q: How's transport from 240 Serangoon Avenue 2?
A: 12-min walk to Kovan MRT; bus stops <200m.
Q: Impact of 58-year lease?
A: Full CPF usable; strong for families (20-30yrs horizon).
Q: Best floors to buy?
A: 7-12 for views/breeze; check unblocked on Homejourney listings.
Ready for Serangoon flat ownership? Start safely with Homejourney's 240 Serangoon Avenue 2 listings – trust verified, user-first.
