Blk 123 Paya Lebar Way is an HDB block in Geylang (completed in 1979, 21 storeys, 80 units). As of Jul 2026, its median resale price over the last 24 months is $730,000, about 44% above the Geylang median, from 3 sales. 79 resale transactions have been recorded here since 1990.
Explore this block on the interactive map →| Town | Geylang |
|---|---|
| Completed | 1979 |
| Lease from | 1980 |
| Storeys | 21 |
| Dwelling units | 80 |
| Unit mix (sold) | 5-room ×80 |
| Recorded resales | 79 since 1990 |
| Flat type | Median price | Median $/m² | Sales |
|---|---|---|---|
| 5-Room | $730,000 | $6,186/m² | 3 |
Median monthly rent at this block: $3,800/mo (3 rental contracts, last 12 months).
Estimated gross rental yield: ~6.2% (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 70% of Geylang blocks with recent sales.
For a typical 5-room flat here, our price model estimates $654,574–$732,236 (central estimate $693,405). Recent sales — median $687,756 — sit within 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 | $130,000 | $243,374 | 1 |
| 1991 | $140,750 | $254,737 | 2 |
| 1992 | $200,000 | $354,027 | 1 |
| 1993 | $300,000 | $519,146 | 1 |
| 1994 | $305,000 | $511,959 | 1 |
| 1995 | $360,500 | $594,857 | 3 |
| 1996 | $420,500 | $684,416 | 2 |
| 1997 | $422,500 | $674,037 | 2 |
| 1998 | $378,000 | $604,689 | 2 |
| 1999 | $346,150 | $553,606 | 4 |
| 2000 | $373,000 | $588,609 | 3 |
| 2001 | $325,000 | $507,718 | 5 |
| 2002 | $301,000 | $472,074 | 4 |
| 2003 | $270,000 | $421,398 | 1 |
| 2004 | $303,000 | $465,125 | 3 |
| 2005 | $258,000 | $394,182 | 1 |
| 2006 | $284,000 | $429,754 | 4 |
| 2007 | $300,000 | $444,585 | 1 |
| 2008 | $363,000 | $504,473 | 1 |
| 2009 | $417,500 | $576,821 | 5 |
| 2010 | $443,000 | $595,215 | 1 |
| 2012 | $543,000 | $662,808 | 2 |
| 2013 | $565,000 | $673,736 | 3 |
| 2014 | $547,500 | $646,186 | 2 |
| 2015 | $580,000 | $688,142 | 3 |
| 2016 | $590,000 | $703,730 | 3 |
| 2017 | $590,000 | $699,694 | 1 |
| 2018 | $642,944 | $759,153 | 2 |
| 2019 | $610,000 | $716,190 | 1 |
| 2020 | $588,000 | $691,551 | 1 |
| 2021 | $615,000 | $706,934 | 3 |
| 2022 | $635,000 | $687,756 | 3 |
| 2023 | $635,000 | $656,046 | 3 |
| 2024 | $703,000 | $709,348 | 2 |
| 2025 | $730,000 | $730,000 | 1 |
| 2026 | $750,000 | $750,000 | 1 |
| Record sale | $750,000 (5-Room, 2026-06) |
|---|---|
| First recorded sale | $130,000 (1990-10) |
| Busiest year | 2001 · 5 sales |
| 10-year change (real) | +7% (+0.6%/yr, 2016→2026) |
| Total transacted | $34.7M across 79 sales |
| Month | Flat type | Storey | Area (m²) | Price |
|---|---|---|---|---|
| 2026-06 | 5-Room | 19 TO 21 | 118 | $750,000 |
| 2025-10 | 5-Room | 19 TO 21 | 118 | $730,000 |
| 2024-08 | 5-Room | 04 TO 06 | 118 | $670,000 |
| 2024-07 | 5-Room | 13 TO 15 | 118 | $736,000 |
| 2023-07 | 5-Room | 01 TO 03 | 118 | $628,000 |
| 2023-04 | 5-Room | 13 TO 15 | 118 | $665,000 |
| 2023-02 | 5-Room | 04 TO 06 | 118 | $635,000 |
| 2022-12 | 5-Room | 01 TO 03 | 118 | $635,000 |
| 2022-08 | 5-Room | 04 TO 06 | 118 | $630,000 |
| 2022-02 | 5-Room | 04 TO 06 | 118 | $645,000 |
| 2021-11 | 5-Room | 07 TO 09 | 118 | $650,000 |
| 2021-04 | 5-Room | 10 TO 12 | 118 | $610,000 |
| 2021-03 | 5-Room | 04 TO 06 | 118 | $615,000 |
| 2020-04 | 5-Room | 04 TO 06 | 118 | $588,000 |
| 2019-05 | 5-Room | 13 TO 15 | 118 | $610,000 |
| 2018-10 | 5-Room | 07 TO 09 | 118 | $645,888 |
| 2018-08 | 5-Room | 19 TO 21 | 118 | $640,000 |
| 2017-10 | 5-Room | 04 TO 06 | 118 | $590,000 |
| 2016-08 | 5-Room | 16 TO 18 | 118 | $590,000 |
| 2016-04 | 5-Room | 13 TO 15 | 118 | $605,000 |
| Block | Median (24 mo) | Median $/m² |
|---|---|---|
| 1. Blk 120 | $745,000 | $6,314/m² |
| 2. Blk 123 | $730,000 | $6,186/m² |
| 3. Blk 122 | $558,000 | $6,132/m² |
| 4. Blk 121 | $520,000 | $5,714/m² |
| 5. Blk 91 | $345,000 | $5,948/m² |
| 6. Blk 93 | $342,500 | $5,517/m² |
The median resale price over the last 24 months is $730,000 (3 sales, as of Jul 2026). See the by-type table above for 3-room vs 4-room medians.
For a typical 5-room flat here, our price model estimates $654,574–$732,236 (central estimate $693,405). Recent sales — median $687,756 — sit within that range.
The median monthly rent is $3,800/mo over the last 12 months (3 contracts).
The block was completed in 1979 and its 99-year lease runs from 1980.