SELL & RENT HDBS IN SERANGOON ESTATE
Serangoon (实龙岗), a mature estate in the Northeast Region of Singapore, sits at the intersection of multiple transport arteries. Part of the South East CDC, it is well-served by the Serangoon MRT interchange station (Circle and North-East Lines) and major expressways like the CTE and PIE.
Serangoon’s strategic location and comprehensive facilities make it highly attractive to families and young professionals alike.
Serangoon features a mix of HDB flats, from mature blocks to newer developments. These are some of the HDB subzones in the Serangoon estate:
- Serangoon Central
- Serangoon North
My personal connection to Serangoon dates back to my poly days in the 90s.
I had never been to Serangoon until my poly days. That was when my friends introduced me to a computer game shop in the upper floor of Upper Serangoon Shopping Centre.
The shop was operated by a friendly boss by the name of, Ah Lim. I wonder if he is still in business.
QUICK LINKS
HDB HOUGANG BRANCH OFFICE
There’s no dedicated HDB Branch Office for Serangoon. Residents go to the HDB Hougang Branch Office instead.
7 INTERESTING FACTS ABOUT SERANGOON HDB ESTATE
(a) Historical Origins:
The name “Serangoon” has intriguing origins, believed to derive either from “ranggong” (a marsh bird that once inhabited the area’s riverine swamps) or from the Malay phrase “di-serang dengan gong” (meaning “to attack with gongs”) – referring to a traditional bird hunting method.
Dating back to the 1820s, it began as an industrial area known for brick kilns and cattle farming, making it one of Singapore’s oldest districts.
(b) Historic Main Artery:
Serangoon Road, the estate’s main road, holds profound historical significance. Documented in an 1828 map as “the road leading across the island,” it remains a vital connector between Serangoon and Singapore’s central districts.
(c) Cultural Heritage:
The area carries a unique cultural identity, reflected in its Hokkien nickname “Ang Sali” (meaning “red zinc”). This name originated from a distinctive red zinc-roofed building that once stood at a local junction, becoming a landmark in community memory.
(d) Modern Commercial Hub:
NEX, the largest shopping mall in northeast Singapore, has transformed the mature estate into a vibrant commercial center. Its seamless integration with Serangoon Bus Interchange and MRT station makes it a crucial transportation node.
(e) Popular Schools:
The estate boasts popular educational institutions catering to diverse needs, including:
- Australian International School Singapore
- Nanyang Junior College
- Rosyth Primary School
(f) Culinary Paradise:
Serangoon’s food scene represents Singapore’s multicultural heritage through:
- The famous Chomp Chomp Food Centre
- Multiple hawker centers offering local delicacies
- Modern cafes and restaurants
- A mix of traditional & contemporary local delicacies
(g) Transportation Connectivity:
The estate’s strategic location and comprehensive transport infrastructure includes:
- Direct MRT access via Serangoon Interchange Station (Northeast & Circle Lines)
- Integrated bus interchange
- Easy access to major expressways.
Are you considering selling, buying or renting out your HDB flat in Serangoon?
Or simply curious about the HDB housing scene in Serangoon?
Check out the HDB median resale prices and rental statistics for Serangoon below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN SERANGOON?
Quarterly Serangoon HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR SERANGOON HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Serangoon’s resale market showed strong growth:
3-Room Flats:
- Starting median price (2020-Q1): $326,200
- Current median price (2024-Q3): $449,000
- Median price appreciation: 37.6% in ~4 years
Key Observations:
- Current price is historical peak
- Strong acceleration in 2024
4-Room Flats:
- Starting median price (2020-Q1): $429,000
- Current price (2024-Q3): $612,500
- Median price appreciation: 42.8% in ~4 years
Key Observations:
- Current price near historical peak
- Crossed $600,000 mark in 2023-Q4
5-Room Flats:
- Starting median price (2020-Q1): $590,000
- Current price (2024-Q3): $790,000
- Median price appreciation: 33.9% in ~4 years
Key Observations:
- Significant data gaps
- Current price is historical peak
Executive Flats:
- Starting median price (2020-Q4): $738,000
- Current median price (2024-Q3): $985,000
- Median price appreciation: 33.5% in ~4 years
Key Observations:
- Approaching $1 million mark
- Current price is historical peak
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting median price (2007-Q2): $169,000
- Current median price (2024-Q3): $449,000
- Total median price appreciation: 165.7%
4-Room Flats:
- Starting median price (2007-Q2): $242,000
- Current median price (2024-Q3): $612,500
- Total median price appreciation: 153.1%
5-Room Flats:
- Starting median price (2007-Q2): $312,500
- Current median price (2024-Q3): $790,000
- Total median price appreciation: 152.8%
Executive Flats:
- Starting median price (2007-Q2): $389,000
- Current median price (2024-Q3): $985,000
- Total median price appreciation: 153.2%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graphs for the 3-room, 5-room & executive HDB flats in Serangoon have gaps. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Serangoon HDB flat types in 2024-Q3:
a) HDB 3-room flat: $525,000 @ 209 Serangoon Central
b) HDB 4-room flat: $890,000 @ 407 Seragoon Avenue 1
c) HDB 5-room flat: $1,088,000 @ 317 Serangoon Avenue 2
d) HDB executive flat: $1,238,000 @ 236A Serangoon Avenue 2
Looking to sell your Serangoon HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN SERANGOON?
Quarterly Serangoon HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR SERANGOON HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Serangoon’s rental market showed strong growth:
3-Room Flats:
- 2020-Q1: $1,800 → 2024-Q3: $2,800
- Increase: +55.6%
4-Room Flats:
- 2020-Q1: $2,200 → 2024-Q3: $3,200
- Increase: +45.5%
5-Room Flats:
- 2020-Q1: $2,275 → 2024-Q3: $3,480
- Increase: +53%
Executive Flats:
- Limited recent data
- Last recorded in 2023-Q4: $3,800
- Sporadic transactions
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 3-room flats flats saw highest percentage increase
- Rental gaps range from $280 to $400 between flat types
- Intermittent executive flat transactions
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $950 → 2024-Q3: $2,800
- Total Growth: +194.7%
4-Room Flats:
- 2007-Q2: $1,200 → 2024-Q3: $3,200
- Total Growth: +166.7%
5-Room Flats:
- 2007-Q2: $1,325 → 2024-Q3: $3,480
- Total Growth: +162.6%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for the executive HDB flats in Serangoon has gaps. There were less than 20 transactions in those quarters.
HIGHEST RENT
Highest rent achieved for the different Serangoon HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,500 @ multiple locations
b) HDB 4-room flat: $4,500 @ 424 Serangoon Central
c) HDB 5-room flat: $4,300 @ multiple locations
d) HDB executive flat: $4,700 @ multiple locations
Looking to rent out your Serangoon HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
