Blk 408 Serangoon Ave 1 is an HDB block in Serangoon (completed in 1988, 13 storeys, 72 units). As of Jul 2026, its median resale price over the last 24 months is $947,500, about 21% above the Serangoon median, from 2 sales. 80 resale transactions have been recorded here since 1990.
Explore this block on the interactive map →| Town | Serangoon |
|---|---|
| Completed | 1988 |
| Lease from | 1989 |
| Storeys | 13 |
| Dwelling units | 72 |
| Unit mix (sold) | 4-room ×48 · 5-room ×24 |
| Recorded resales | 80 since 1990 |
| Flat type | Median price | Median $/m² | Sales |
|---|---|---|---|
| 4-Room | $805,000 | $7,667/m² | 1 |
| 5-Room | $1,090,000 | $9,008/m² | 1 |
Median monthly rent at this block: $3,700/mo (4 rental contracts, last 12 months).
Estimated gross rental yield: ~4.7% (Serangoon average: ~5.1%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 6% of Serangoon blocks with recent sales.
For a typical 4-room flat here, our price model estimates $709,836–$794,053 (central estimate $751,944). Recent sales — median $805,000 — sit above that range. The model explains 94% of resale prices with a typical error of ±6%. Indicative only — not an official valuation.
| Year | Median (nominal) | Median (today's $) | Sales |
|---|---|---|---|
| 1993 | $298,000 | $515,685 | 1 |
| 1994 | $325,000 | $545,530 | 3 |
| 1995 | $272,000 | $448,824 | 5 |
| 1996 | $425,000 | $691,741 | 3 |
| 1997 | $485,000 | $773,747 | 3 |
| 1998 | $355,000 | $567,895 | 6 |
| 1999 | $316,000 | $505,387 | 6 |
| 2000 | $346,000 | $546,002 | 2 |
| 2001 | $300,000 | $468,662 | 3 |
| 2002 | $266,000 | $417,181 | 3 |
| 2003 | $273,000 | $426,080 | 3 |
| 2004 | $299,000 | $458,985 | 4 |
| 2005 | $312,000 | $476,685 | 1 |
| 2006 | $301,000 | $455,479 | 2 |
| 2008 | $404,944 | $562,764 | 4 |
| 2009 | $397,500 | $549,189 | 1 |
| 2010 | $510,000 | $685,236 | 3 |
| 2011 | $532,000 | $679,129 | 3 |
| 2013 | $602,500 | $718,453 | 2 |
| 2014 | $560,000 | $660,939 | 3 |
| 2015 | $638,000 | $756,956 | 1 |
| 2016 | $640,000 | $763,368 | 3 |
| 2017 | $550,000 | $652,257 | 3 |
| 2018 | $763,000 | $900,909 | 1 |
| 2019 | $691,500 | $811,878 | 2 |
| 2021 | $570,000 | $655,207 | 1 |
| 2022 | $770,944 | $834,994 | 4 |
| 2023 | $819,000 | $846,145 | 2 |
| 2025 | $1,090,000 | $1,090,000 | 1 |
| 2026 | $805,000 | $805,000 | 1 |
| Record sale | $1,090,000 (5-Room, 2025-07) |
|---|---|
| First recorded sale | $298,000 (1993-12) |
| Busiest year | 1998 · 6 sales |
| 10-year change (real) | +5% (+0.5%/yr, 2016→2026) |
| Total transacted | $36.7M across 80 sales |
| Month | Flat type | Storey | Area (m²) | Price |
|---|---|---|---|---|
| 2026-05 | 4-Room | 01 TO 03 | 105 | $805,000 |
| 2025-07 | 5-Room | 07 TO 09 | 121 | $1,090,000 |
| 2023-09 | 5-Room | 07 TO 09 | 121 | $868,000 |
| 2023-03 | 4-Room | 04 TO 06 | 113 | $770,000 |
| 2022-08 | 4-Room | 13 TO 15 | 113 | $785,000 |
| 2022-07 | 5-Room | 01 TO 03 | 121 | $856,000 |
| 2022-05 | 4-Room | 07 TO 09 | 111 | $756,888 |
| 2022-02 | 4-Room | 04 TO 06 | 113 | $712,888 |
| 2021-02 | 4-Room | 01 TO 03 | 105 | $570,000 |
| 2019-03 | 4-Room | 01 TO 03 | 111 | $663,000 |
| 2019-01 | 5-Room | 13 TO 15 | 121 | $720,000 |
| 2018-05 | 5-Room | 10 TO 12 | 121 | $763,000 |
| 2017-10 | 4-Room | 04 TO 06 | 111 | $618,000 |
| 2017-06 | 4-Room | 10 TO 12 | 103 | $535,000 |
| 2017-03 | 4-Room | 01 TO 03 | 105 | $550,000 |
| 2016-08 | 4-Room | 10 TO 12 | 111 | $640,000 |
| 2016-06 | 5-Room | 07 TO 09 | 121 | $758,000 |
| 2016-04 | 4-Room | 07 TO 09 | 105 | $620,000 |
| 2015-12 | 5-Room | 01 TO 03 | 121 | $638,000 |
| 2014-09 | 4-Room | 04 TO 06 | 105 | $560,000 |
| Block | Median (24 mo) | Median $/m² |
|---|---|---|
| 1. Blk 405 | $975,000 | $8,049/m² |
| 2. Blk 408 | $947,500 | $8,337/m² |
| 3. Blk 426 | $930,000 | $8,728/m² |
| 4. Blk 407 | $915,000 | $8,325/m² |
| 5. Blk 403 | $885,000 | $7,811/m² |
| 6. Blk 404 | $855,000 | $6,951/m² |
| 7. Blk 425 | $847,500 | $8,012/m² |
| 8. Blk 401 | $838,888 | $7,844/m² |
| 9. Blk 402 | $780,000 | $7,381/m² |
The median resale price over the last 24 months is $947,500 (2 sales, as of Jul 2026). See the by-type table above for 3-room vs 4-room medians.
For a typical 4-room flat here, our price model estimates $709,836–$794,053 (central estimate $751,944). Recent sales — median $805,000 — sit above that range.
The median monthly rent is $3,700/mo over the last 12 months (4 contracts).
The block was completed in 1988 and its 99-year lease runs from 1989.