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Block 123 Geylang East Central

5 Room · Built 1982 · 55 years remaining lease · Updated Jan 2026 MOP Cleared

Block 123 Geylang East Central has 17 recorded HDB resale transactions since 2017. Latest sale: $810,000 (Jan 2026, 5 room, floors 07–09). Median $6,042/sqm. Prices up 27.4% over the past five years. Built 1982, 55 years lease remaining.

Latest Sale
$810,000
Jan 2026 · 5 ROOM · Floor 07-09
Median $/sqm
$6,042
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
▲ +27.4%
Median price change
Median Price ?
Top 17%
#44 / 253 Top 17%
Latest Sale ?
Top 23%
#57 / 253 Top 23%
Value ($/sqm) ?
Top 24%
#61 / 253 Top 24%
5-Year Growth ?
Top 69%
#129 / 187 Top 69%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+5%/yr
vs
Lease Decay
−0.61%/yr
Growth assumption
Based on this block’s +27.4% growth over 5 years
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 55 years remaining 99 years
55 years 4 months
Remaining lease
↓ 0.61%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 55 years remaining, decay is gradual (~0.61%/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 123 Geylang East Central 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
Jan 2026 07 TO 09 5 ROOM 120 sqm $810,000 $6,750
Mar 2025 16 TO 18 5 ROOM 123 sqm $930,000 $7,561
Jan 2025 04 TO 06 5 ROOM 120 sqm $900,000 $7,500
Apr 2024 10 TO 12 5 ROOM 123 sqm $900,000 $7,317
Feb 2024 07 TO 09 5 ROOM 120 sqm $838,000 $6,983
May 2023 10 TO 12 5 ROOM 126 sqm $788,888 $6,261
Dec 2021 10 TO 12 5 ROOM 120 sqm $725,000 $6,042
Apr 2021 13 TO 15 5 ROOM 120 sqm $688,000 $5,733
Jun 2020 10 TO 12 5 ROOM 120 sqm $653,000 $5,442
Jan 2020 10 TO 12 5 ROOM 120 sqm $660,088 $5,501
Nov 2019 07 TO 09 5 ROOM 120 sqm $652,000 $5,433
Aug 2019 01 TO 03 5 ROOM 123 sqm $570,000 $4,634
Feb 2019 13 TO 15 5 ROOM 126 sqm $688,000 $5,460
Sep 2018 16 TO 18 5 ROOM 120 sqm $683,888 $5,699
Jun 2018 07 TO 09 5 ROOM 120 sqm $655,000 $5,458
Aug 2017 16 TO 18 5 ROOM 123 sqm $752,000 $6,114
May 2017 13 TO 15 5 ROOM 120 sqm $750,000 $6,250
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 123 Geylang East Central

Block 123 Geylang East Central in Geylang dates to 1982 and now has roughly 55 years of lease remaining, which makes lease decay the central consideration for buyers. Its median runs about 53% above the Geylang median, ahead of around 83% of the town's blocks. It has a relatively light resale record, with 17 transactions since 2017 across 5 room flats priced from $570,000 to $930,000. The most recent transaction was a 5 room flat on storeys 07 TO 09 at $810,000 in Jan 2026, and the median works out to $6,042/sqm. Over five years, prices here are up about 27.4%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 123 Geylang East Central worth?

The most recent resale transaction at Block 123 Geylang East Central was $810,000 for a 5 room flat in 2026-01. The median price per square metre across all flat types is $6,042, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 123 Geylang East Central?

Block 123 Geylang East Central was built in 1982 and has approximately 55 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.61%, meaning the leasehold value decreases by approximately 0.61% per year at the current remaining lease.

What flat types are available at Block 123 Geylang East Central?

Block 123 Geylang East Central in Geylang contains 5 room flats. Resale prices range from $570,000 to $930,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 123 Geylang East Central gone up or down?

Resale prices at Block 123 Geylang East Central have increased by approximately 27.4% over the past five years. The current median price is $725,000, with the most recent sale at $810,000 in 2026-01.

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