Blk 123 Paya Lebar Way — HDB resale prices
HDB resale prices, Geylang · 5-Room · built 1979
median resale price, last 24 months
2 sales in that window · as of Sep 2026
How it compares
Blk 123 Paya Lebar Way is an HDB block in Geylang (completed in 1979, 21 storeys, 80 units). As of Sep 2026, its median resale price over the last 24 months is $740,000, about 25% above the Geylang median, from 2 sales. 79 resale transactions have been recorded here since 1990.
Price by year
At a glance
Unit mix (sold): 5-room ×80
Prices by flat type — last 24 months (as of Sep 2026)
Median monthly rent at this block: $3,800/mo (3 rental contracts, last 12 months).
Estimated gross rental yield: ~6.2% (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 67% of Geylang blocks with recent sales.
What the price model says
For a typical 5-room flat here, our price model estimates $656,817–$734,302 (central estimate $695,560). 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.
Median resale price by year
| 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 |
Records
| 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 |
Recent resale transactions
| Month | Flat type | Storey | Area | Price |
|---|---|---|---|---|
| 2026-06 | 5-Room | 19–21 | 118 m² | $750,000 |
| 2025-10 | 5-Room | 19–21 | 118 m² | $730,000 |
| 2024-08 | 5-Room | 04–06 | 118 m² | $670,000 |
| 2024-07 | 5-Room | 13–15 | 118 m² | $736,000 |
| 2023-07 | 5-Room | 01–03 | 118 m² | $628,000 |
| 2023-04 | 5-Room | 13–15 | 118 m² | $665,000 |
| 2023-02 | 5-Room | 04–06 | 118 m² | $635,000 |
| 2022-12 | 5-Room | 01–03 | 118 m² | $635,000 |
| 2022-08 | 5-Room | 04–06 | 118 m² | $630,000 |
| 2022-02 | 5-Room | 04–06 | 118 m² | $645,000 |
| 2021-11 | 5-Room | 07–09 | 118 m² | $650,000 |
| 2021-04 | 5-Room | 10–12 | 118 m² | $610,000 |
| 2021-03 | 5-Room | 04–06 | 118 m² | $615,000 |
| 2020-04 | 5-Room | 04–06 | 118 m² | $588,000 |
| 2019-05 | 5-Room | 13–15 | 118 m² | $610,000 |
| 2018-10 | 5-Room | 07–09 | 118 m² | $645,888 |
| 2018-08 | 5-Room | 19–21 | 118 m² | $640,000 |
| 2017-10 | 5-Room | 04–06 | 118 m² | $590,000 |
| 2016-08 | 5-Room | 16–18 | 118 m² | $590,000 |
| 2016-04 | 5-Room | 13–15 | 118 m² | $605,000 |
Paya Lebar Way blocks ranked by price
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Quick answers
How much does a flat at Blk 123 Paya Lebar Way cost?
The median resale price over the last 24 months is $740,000 (2 sales, as of Sep 2026). See the by-type table above for 3-room vs 4-room medians.
Is Blk 123 Paya Lebar Way fairly priced?
For a typical 5-room flat here, our price model estimates $656,817–$734,302 (central estimate $695,560). Recent sales — median $687,756 — sit within that range.
What is the rent at Blk 123 Paya Lebar Way?
The median monthly rent is $3,800/mo over the last 12 months (3 contracts).
How old is Blk 123 Paya Lebar Way?
The block was completed in 1979 and its 99-year lease runs from 1980.