Block 248 Choa Chu Kang Avenue 2

4 Room · 5 Room · Built 1993 · 67 years remaining lease MOP Cleared
Latest Sale
$530,000
Oct 2024 · 4 ROOM · #13-15
Median $/sqm
$4,556
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
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Insufficient data
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
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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 67 years remaining 99 years
67 years 9 months
Remaining lease
↓ 0.38%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 67 years remaining, decay is gradual (~0.38%/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
Oct 2024 13 TO 15 4 ROOM 104 sqm $530,000 $5,096
Aug 2024 07 TO 09 5 ROOM 123 sqm $662,000 $5,382
Jul 2024 10 TO 12 4 ROOM 104 sqm $530,000 $5,096
Dec 2023 04 TO 06 5 ROOM 123 sqm $590,000 $4,797
Oct 2023 10 TO 12 5 ROOM 123 sqm $625,000 $5,081
Aug 2023 16 TO 18 5 ROOM 125 sqm $630,000 $5,040
Nov 2022 04 TO 06 4 ROOM 104 sqm $470,000 $4,519
Jul 2022 04 TO 06 5 ROOM 123 sqm $570,000 $4,634
Jun 2022 13 TO 15 5 ROOM 123 sqm $565,000 $4,593
Apr 2021 04 TO 06 4 ROOM 104 sqm $428,000 $4,115
Dec 2020 10 TO 12 5 ROOM 123 sqm $460,000 $3,740
Nov 2020 07 TO 09 4 ROOM 104 sqm $410,000 $3,942
Oct 2019 07 TO 09 5 ROOM 123 sqm $412,000 $3,350
Dec 2018 07 TO 09 5 ROOM 123 sqm $412,000 $3,350
Jun 2018 07 TO 09 5 ROOM 123 sqm $395,888 $3,219
Jan 2017 04 TO 06 5 ROOM 123 sqm $435,000 $3,537
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 248 Choa Chu Kang Avenue 2

Block 248 at Choa Chu Kang Avenue 2 is a residential HDB block in Choa Chu Kang, Singapore, built in 1993 with approximately 67 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $395,888 to $662,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 13 TO 15 sold for $530,000 in 2024-10. The current median price per square metre is $4,556. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9028, with an annual lease decay rate of approximately 0.38%. 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 248 Choa Chu Kang Avenue 2 worth?

The most recent resale transaction at Block 248 Choa Chu Kang Avenue 2 was $530,000 for a 4 room flat in 2024-10. The median price per square metre across all flat types is $4,556, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 248 Choa Chu Kang Avenue 2?

Block 248 Choa Chu Kang Avenue 2 was built in 1993 and has approximately 67 years and 9 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.38%, meaning the leasehold value decreases by approximately 0.38% per year at the current remaining lease.

What flat types are available at Block 248 Choa Chu Kang Avenue 2?

Block 248 Choa Chu Kang Avenue 2 in Choa Chu Kang contains 4 room, 5 room flats. Resale prices range from $395,888 to $662,000 based on historical transaction records from data.gov.sg.

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