Blk 23 Balam Road — HDB resale prices
HDB resale prices, Geylang · 3-Room · built 1965
median resale price, last 24 months
11 sales in that window · as of Sep 2026
How it compares
Blk 23 Balam Road is an HDB block in Geylang (completed in 1965, 10 storeys, 120 units). As of Sep 2026, its median resale price over the last 24 months is $323,800, about 45% below the Geylang median, from 11 sales. 177 resale transactions have been recorded here since 1990.
Price by year
At a glance
Unit mix (sold): 3-room ×120
Prices by flat type — last 24 months (as of Sep 2026)
Median monthly rent at this block: $3,000/mo (3 rental contracts, last 12 months).
Estimated gross rental yield: ~11.1% (Geylang average: ~6.4%) — annual median rent over median resale price, before taxes, fees and vacancy.
On price per square metre, this block is cheaper than 97% of Geylang blocks with recent sales.
What the price model says
For a typical 3-room flat here, our price model estimates $324,149–$362,389 (central estimate $343,269). Recent sales — median $312,900 — sit below that range. The model explains 94% of resale prices with a typical error of ±6%. Indicative only — not an official valuation.
Median resale price by year
| 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 | $313,000 | $313,000 | 3 |
Records
| 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 | $31.1M across 177 sales |
Recent resale transactions
| Month | Flat type | Storey | Area | Price |
|---|---|---|---|---|
| 2026-09 | 3-Room | 01–03 | 60 m² | $313,000 |
| 2026-03 | 3-Room | 01–03 | 60 m² | $325,000 |
| 2026-01 | 3-Room | 07–09 | 60 m² | $302,000 |
| 2025-09 | 3-Room | 01–03 | 60 m² | $290,000 |
| 2025-08 | 3-Room | 07–09 | 60 m² | $323,800 |
| 2025-04 | 3-Room | 04–06 | 60 m² | $322,000 |
| 2025-03 | 3-Room | 07–09 | 60 m² | $335,000 |
| 2025-01 | 3-Room | 07–09 | 60 m² | $353,088 |
| 2025-01 | 3-Room | 07–09 | 60 m² | $345,000 |
| 2025-01 | 3-Room | 04–06 | 60 m² | $330,000 |
| 2025-01 | 3-Room | 04–06 | 60 m² | $305,000 |
| 2024-04 | 3-Room | 07–09 | 60 m² | $310,000 |
| 2023-12 | 3-Room | 04–06 | 60 m² | $300,000 |
| 2023-08 | 3-Room | 04–06 | 60 m² | $300,000 |
| 2023-07 | 3-Room | 07–09 | 60 m² | $310,000 |
| 2022-11 | 3-Room | 07–09 | 60 m² | $288,000 |
| 2022-09 | 3-Room | 01–03 | 60 m² | $263,000 |
| 2022-02 | 3-Room | 07–09 | 60 m² | $275,000 |
| 2021-10 | 3-Room | 07–09 | 60 m² | $285,000 |
| 2021-08 | 3-Room | 07–09 | 60 m² | $280,000 |
Balam Road blocks ranked by price
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Quick answers
How much does a flat at Blk 23 Balam Road cost?
The median resale price over the last 24 months is $323,800 (11 sales, as of Sep 2026). See the by-type table above for 3-room vs 4-room medians.
Is Blk 23 Balam Road fairly priced?
For a typical 3-room flat here, our price model estimates $324,149–$362,389 (central estimate $343,269). Recent sales — median $312,900 — sit below that range.
What is the rent at Blk 23 Balam Road?
The median monthly rent is $3,000/mo over the last 12 months (3 contracts).
How old is Blk 23 Balam Road?
The block was completed in 1965 and its 99-year lease runs from 1967.