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Block 129 Geylang East Avenue 2

5 Room · Built 1986 · 61 years remaining lease · Updated Nov 2023 MOP Cleared

Block 129 Geylang East Avenue 2 has 2 recorded HDB resale transactions since 2017. Latest sale: $688,000 (Nov 2023, 5 room, floors 01–03). Median $5,300/sqm. Built 1986, 61 years lease remaining.

Latest Sale
$688,000
Nov 2023 · 5 ROOM · Floor 01-03
Median $/sqm
$5,300
Based on 2 transactions
Total Transactions
2
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 24%
#60 / 253 Top 24%
Latest Sale ?
Top 36%
#91 / 253 Top 36%
Value ($/sqm) ?
Top 50%
#126 / 253 Top 50%
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
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How we estimate this →
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.48%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 61 years remaining 99 years
61 years 7 months
Remaining lease
↓ 0.48%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 years remaining, decay is gradual (~0.48%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). This block has too few rentals on record, so figures shown are the Geylang average.

Flat type Median rent /mo Gross yield Based on
5-Room $4,000 typically $3,800–$4,300 5.3% Geylang avg · block too thin
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 2 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
2 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 129 Geylang East Avenue 2 in Geylang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Geylang
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Nov 2023 01 TO 03 5 ROOM 133 sqm $688,000 $5,173
Oct 2022 01 TO 03 5 ROOM 129 sqm $700,000 $5,426
Showing 2 of 2 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 129 Geylang East Avenue 2

Block 129 Geylang East Avenue 2 is a quietly traded block in Geylang: only 2 resale transactions have been recorded since 2017. Recorded sales span 5 room flats from $688,000 to $700,000. The most recent transaction was a 5 room flat on storeys 01 TO 03 at $688,000 in Nov 2023, and the median works out to $5,300/sqm. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.8798, an annual lease decay of about 0.48%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 129 Geylang East Avenue 2 worth?

The most recent resale transaction at Block 129 Geylang East Avenue 2 was $688,000 for a 5 room flat in 2023-11. The median price per square metre across all flat types is $5,300, based on 2 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 129 Geylang East Avenue 2?

Block 129 Geylang East Avenue 2 was built in 1986 and has approximately 61 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.48%, meaning the leasehold value decreases by approximately 0.48% per year at the current remaining lease.

What flat types are available at Block 129 Geylang East Avenue 2?

Block 129 Geylang East Avenue 2 in Geylang contains 5 room flats. Resale prices range from $688,000 to $700,000 based on historical transaction records from data.gov.sg.

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