Blk 23 Balam Rd is an HDB block in Geylang (completed in 1965, 10 storeys, 120 units). As of Jul 2026, its median resale price over the last 24 months is $324,400, about 36% below the Geylang median, from 10 sales. 176 resale transactions have been recorded here since 1990.
Explore this block on the interactive map →| Town | Geylang |
|---|---|
| Completed | 1965 |
| Lease from | 1967 |
| Storeys | 10 |
| Dwelling units | 120 |
| Unit mix (sold) | 3-room ×120 |
| Recorded resales | 176 since 1990 |
| Flat type | Median price | Median $/m² | Sales |
|---|---|---|---|
| 3-Room | $324,400 | $5,380/m² | 10 |
Median monthly rent at this block: $3,000/mo (2 rental contracts, last 12 months).
Estimated gross rental yield: ~11.1% (Geylang average: ~7.4%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 96% of Geylang blocks with recent sales.
For a typical 3-room flat here, our price model estimates $328,588–$367,573 (central estimate $348,081). Recent sales — median $320,275 — sit below 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 |
|---|---|---|---|
| 1990 | $23,400 | $43,807 | 3 |
| 1991 | $24,000 | $43,436 | 7 |
| 1992 | $34,000 | $60,185 | 1 |
| 1993 | $56,000 | $96,907 | 2 |
| 1994 | $76,400 | $128,242 | 4 |
| 1995 | $90,000 | $148,508 | 6 |
| 1996 | $118,000 | $192,060 | 5 |
| 1997 | $160,000 | $255,257 | 4 |
| 1998 | $115,500 | $184,766 | 2 |
| 1999 | $110,000 | $175,926 | 12 |
| 2000 | $108,500 | $171,217 | 8 |
| 2001 | $108,000 | $168,718 | 5 |
| 2002 | $95,000 | $148,993 | 2 |
| 2003 | $124,500 | $194,311 | 6 |
| 2004 | $150,000 | $230,260 | 15 |
| 2005 | $137,000 | $209,314 | 7 |
| 2006 | $145,000 | $219,417 | 7 |
| 2007 | $150,000 | $222,292 | 9 |
| 2008 | $175,000 | $243,203 | 3 |
| 2009 | $198,500 | $274,249 | 6 |
| 2010 | $245,500 | $329,854 | 6 |
| 2011 | $276,500 | $352,968 | 5 |
| 2012 | $300,000 | $366,192 | 8 |
| 2014 | $280,000 | $330,470 | 1 |
| 2015 | $280,000 | $332,207 | 3 |
| 2016 | $250,000 | $298,191 | 6 |
| 2017 | $218,000 | $258,531 | 2 |
| 2018 | $230,000 | $271,572 | 5 |
| 2019 | $227,500 | $267,104 | 2 |
| 2020 | $218,000 | $256,392 | 3 |
| 2021 | $279,000 | $320,706 | 4 |
| 2022 | $275,000 | $297,847 | 3 |
| 2023 | $300,000 | $309,943 | 3 |
| 2024 | $310,000 | $312,799 | 1 |
| 2025 | $326,900 | $326,900 | 8 |
| 2026 | $313,500 | $313,500 | 2 |
| Record sale | $353,088 (3-Room, 2025-01) |
|---|---|
| First recorded sale | $23,400 (1990-01) |
| Busiest year | 2004 · 15 sales |
| 10-year change (real) | +5% (+0.5%/yr, 2016→2026) |
| Total transacted | $30.8M across 176 sales |
| Month | Flat type | Storey | Area (m²) | Price |
|---|---|---|---|---|
| 2026-03 | 3-Room | 01 TO 03 | 60 | $325,000 |
| 2026-01 | 3-Room | 07 TO 09 | 60 | $302,000 |
| 2025-09 | 3-Room | 01 TO 03 | 60 | $290,000 |
| 2025-08 | 3-Room | 07 TO 09 | 60 | $323,800 |
| 2025-04 | 3-Room | 04 TO 06 | 60 | $322,000 |
| 2025-03 | 3-Room | 07 TO 09 | 60 | $335,000 |
| 2025-01 | 3-Room | 04 TO 06 | 60 | $305,000 |
| 2025-01 | 3-Room | 04 TO 06 | 60 | $330,000 |
| 2025-01 | 3-Room | 07 TO 09 | 60 | $353,088 |
| 2025-01 | 3-Room | 07 TO 09 | 60 | $345,000 |
| 2024-04 | 3-Room | 07 TO 09 | 60 | $310,000 |
| 2023-12 | 3-Room | 04 TO 06 | 60 | $300,000 |
| 2023-08 | 3-Room | 04 TO 06 | 60 | $300,000 |
| 2023-07 | 3-Room | 07 TO 09 | 60 | $310,000 |
| 2022-11 | 3-Room | 07 TO 09 | 60 | $288,000 |
| 2022-09 | 3-Room | 01 TO 03 | 60 | $263,000 |
| 2022-02 | 3-Room | 07 TO 09 | 60 | $275,000 |
| 2021-10 | 3-Room | 07 TO 09 | 60 | $285,000 |
| 2021-08 | 3-Room | 07 TO 09 | 60 | $280,000 |
| 2021-07 | 3-Room | 01 TO 03 | 60 | $260,000 |
| Block | Median (24 mo) | Median $/m² |
|---|---|---|
| 1. Blk 33 | $975,000 | $8,096/m² |
| 2. Blk 28 | $852,500 | $7,873/m² |
| 3. Blk 27 | $788,000 | $7,271/m² |
| 4. Blk 29 | $784,444 | $7,123/m² |
| 5. Blk 31 | $620,000 | $6,813/m² |
| 6. Blk 32 | $335,000 | $6,140/m² |
| 7. Blk 30 | $331,944 | $5,824/m² |
| 8. Blk 19 | $328,000 | $5,439/m² |
| 9. Blk 23 | $324,400 | $5,380/m² |
| 10. Blk 21 | $320,000 | $5,307/m² |
| 11. Blk 24 | $318,000 | $5,300/m² |
| 12. Blk 20 | $313,000 | $5,191/m² |
| 13. Blk 22 | $304,000 | $5,067/m² |
The median resale price over the last 24 months is $324,400 (10 sales, as of Jul 2026). See the by-type table above for 3-room vs 4-room medians.
For a typical 3-room flat here, our price model estimates $328,588–$367,573 (central estimate $348,081). Recent sales — median $320,275 — sit below that range.
The median monthly rent is $3,000/mo over the last 12 months (2 contracts).
The block was completed in 1965 and its 99-year lease runs from 1967.