Block 245 Serangoon Ave 2
245 Serangoon Ave 2, Singapore 550245
Block 245 Serangoon Ave 2 is an HDB block in Serangoon, completed in 1985, with 96 dwelling units. Across 120 resales on record, 4-Room flats have recently resold around S$520k (S$642 psf, 89 sqm). The lease has approximately 59 years remaining.
What are the key facts about Block 245 Serangoon Ave 2?
Block 245 Serangoon Ave 2 is an HDB block in Serangoon, completed in 1985, with 96 dwelling units.
- Town
- Serangoon
- Planning area
- Serangoon
- Completed
- 1985
- Storeys
- 13
- Total units
- 96
- Flat model
- Simplified
- Market segment
- OCR
- Median resale
- S$520k
- Last transacted
- Feb 2026
- Remaining lease
- ≈ 59 years
What are resale prices at Block 245 Serangoon Ave 2?
4-Room flats have recently resold around S$520k (S$642 psf), from 120 resales on record (HDB caveat data).
| Flat type | Resales | Median price | Size | PSF |
|---|---|---|---|---|
| 3-Room | 57 | S$375,000recent | 64 sqm | S$544 psf |
| 4-Room | 63 | S$520,000recent | 89 sqm | S$551 psf |
Live now: 2 flats listed for sale at this block and 3 for rent (median S$3,800/mo) — search all listings.
“Recent” medians use the latest transactions; for older blocks the all-time median spans 30+ years and understates today’s price. Source: HDB resale caveats, through Feb 2026.
What rent and yield does Block 245 Serangoon Ave 2 get?
Flats at Block 245 Serangoon Ave 2 have recently sublet for a median of S$2,800/mo, an indicative gross rental yield of about 6.5% (from 24 recent rental contracts).
Median rent
S$2,800/mo
24 recent contracts
Gross rental yield
6.5%
indicative, gross
Annual rent
S$33,600
median × 12 months
| Flat type | Contracts | Median rent |
|---|---|---|
| 4-Room | 7 | S$3,600/mo |
| 3-Room | 24 | S$2,500/mo |
HDB subletting requires the flat owner to have met the 5-year Minimum Occupation Period (MOP), so the rental sample per block is small — treat the yield as indicative. Latest contract Nov 2025. Source: HDB rental (subletting) data.
What has recently sold at Block 245 Serangoon Ave 2?
Block 245 Serangoon Ave 2 has 120 recorded resales; the most recent transacted at S$525,000 in Feb 2026 (HDB caveat data).
| Date | Flat type | Storey | Size | Price |
|---|---|---|---|---|
| Feb 2026 | 3-Room | 10 TO 12 | 64 sqm | S$525,000 |
| Feb 2025 | 4-Room | 10 TO 12 | 89 sqm | S$753,888 |
| Nov 2024 | 4-Room | 01 TO 03 | 89 sqm | S$628,000 |
| Sept 2024 | 3-Room | 10 TO 12 | 64 sqm | S$485,000 |
| Oct 2023 | 4-Room | 07 TO 09 | 89 sqm | S$650,000 |
| Sept 2023 | 3-Room | 13 TO 15 | 64 sqm | S$500,000 |
| Jun 2023 | 4-Room | 07 TO 09 | 89 sqm | S$615,000 |
| Dec 2022 | 3-Room | 07 TO 09 | 64 sqm | S$370,000 |
| Sept 2022 | 4-Room | 01 TO 03 | 89 sqm | S$535,000 |
| Nov 2019 | 4-Room | 04 TO 06 | 89 sqm | S$517,000 |
| Apr 2019 | 4-Room | 10 TO 12 | 89 sqm | S$520,000 |
| Aug 2017 | 4-Room | 04 TO 06 | 84 sqm | S$498,000 |
What flat types are in Block 245 Serangoon Ave 2?
Block 245 Serangoon Ave 2 has 96 units, mostly 3-Room flats of the Simplified model.
Unit stock by flat type, from the HDB property information dataset.
Where is Block 245 Serangoon Ave 2?
Block 245 Serangoon Ave 2 is an HDB block in Serangoon.
Block 245 Serangoon Ave 2 is an HDB block located along Serangoon Ave 2. The block is recorded as completed around 1985, with up to 13 storeys. It has an estimated 96 residential units based on the HDB property information dataset. Flat types in the block include 3-room and 4-room units.
The address is Block 245 Serangoon Ave 2, Singapore 550245. It is part of District 19, Serangoon Garden / Hougang / Punggol, the Serangoon planning area. The block falls within the North-East Region and the OCR market segment.
The nearest rail connection is Serangoon MRT, approximately 447m away, around 7 minutes on foot. Nearby amenities include NEX for shopping, Teo Bobby for groceries, Colchester Grove Interim Os for greenery and recreation, and Braddell Heights Community Club for community facilities.
How far is Block 245 Serangoon Ave 2 from MRT and schools?
The nearest MRT/LRT to Block 245 Serangoon Ave 2 is Serangoon MRT, about 447 m away (~7 min walk). 7 schools are within 1 km, including 4 primary schools.
Getting around
- Serangoon MRT447 m · ~7 min
- Lorong Chuan MRT566 m · ~9 min
Schools nearby
Flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Nanyang Junior CollegeJunior collegewithin 1 km382 m
- Yangzheng Primary SchoolPrimary schoolwithin 1 km · P1 priority427 m
- Zhonghua Secondary SchoolSecondary schoolwithin 1 km449 m
- Peicai Secondary SchoolSecondary schoolwithin 1 km792 m
- Chij Our Lady Of Good CounselPrimary schoolwithin 1 km · P1 priority799 m
- St. Gabriel's Primary SchoolPrimary schoolwithin 1 km · P1 priority806 m
- Zhonghua Primary SchoolPrimary schoolwithin 1 km · P1 priority866 m
- St. Gabriel's Secondary SchoolSecondary school1.0 km
Shops, food & parks
Straight-line distances from the block. Source: PropKaki amenities data.
What does it cost to buy a flat at Block 245 Serangoon Ave 2?
Buying a flat at Block 245 Serangoon Ave 2 (~S$520k) needs about S$4,145/mo in income and S$1,952/mo in repayments, after S$10,200 stamp duty and a S$130k downpayment.
Illustrative, for a buyer at the recent median resale price (S$520k) — 25% downpayment (bank-loan basis), 25-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$10,200
BSD, tiered
Downpayment (25%)
S$130k
cash + CPF
Monthly instalment
S$1,952/mo
25y @ 3.5%
Income required
S$4,145/mo
MSR/TDSR @ stress rate
First-time HDB buyers pay no Additional Buyer’s Stamp Duty (ABSD) and may qualify for CPF Housing Grants of up to S$80,000+, which lower the cash required — these are not included above. An HDB concessionary loan also allows a smaller downpayment.
Wondering whether it will hold its value? See do HDB flats actually make money? →
Eyeing Block 245 Serangoon Ave 2? Ask what it's worth.
Recent transacted prices, what's nearby, and whether an asking price is fair.
PropKakiRecent sales at Block 245 Serangoon Ave 2 land close to the town median — fair value, no big premium.
Frequently asked questions about Block 245 Serangoon Ave 2
How much does a 4-Room flat at Block 245 Serangoon Ave 2 cost?⌄
4-Room flats at Block 245 Serangoon Ave 2 have recently resold for a median of about S$520k (S$642 psf), from 120 resales on record (HDB caveats). The exact price depends on the flat type, floor and remaining lease.
What are resale prices at Block 245 Serangoon Ave 2 by flat type?⌄
3-Room ≈ S$375k; 4-Room ≈ S$520k (median resale, HDB caveats).
Is Block 245 Serangoon Ave 2 worth buying given its remaining lease?⌄
Block 245 Serangoon Ave 2 has about 59 years left on its 99-year lease (completed 1985). Below ~60 years, CPF usage and the maximum loan start to taper with the buyer's age, so check financing before committing. The figure is taken from the most recent transacted flat.
What is the rental yield at Block 245 Serangoon Ave 2?⌄
Gross rental yield at Block 245 Serangoon Ave 2 is about 6.5%, based on a median subletting rent of about S$2,800/mo against a resale price of about S$520k. HDB subletting requires the owner to have met the 5-year MOP, so the per-block sample is small — treat this as indicative.
How much do I need to earn to buy a flat at Block 245 Serangoon Ave 2?⌄
For a flat at about S$520k on a 25-year HDB-style loan, you'd need roughly S$4,145/mo in household income, with repayments around S$1,952/mo after a S$130k downpayment. First-timer grants of up to S$80,000+ (not included) lower the cash needed.
What is the nearest MRT to Block 245 Serangoon Ave 2?⌄
The nearest MRT/LRT station to Block 245 Serangoon Ave 2 is Serangoon MRT, about 447 m away (~7 min walk).
Which primary schools are within 1 km of Block 245 Serangoon Ave 2?⌄
Yangzheng Primary School, Chij Our Lady Of Good Counsel, St. Gabriel's Primary School, Zhonghua Primary School are within 1 km of Block 245 Serangoon Ave 2 — flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.