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Block 223 Lorong 8 Toa Payoh

5 Room · Built 1976 · 49 years remaining lease · Updated Jan 2026 MOP Cleared

Block 223 Lorong 8 Toa Payoh has 21 recorded HDB resale transactions since 2017. Latest sale: $721,888 (Jan 2026, 5 room, floors 19–21). Median $4,444/sqm. Prices up 18.7% over the past five years. Built 1976, 49 years lease remaining.

How this block compares

  • 5 Room$679,944
    −35.9%vs town(−$380k)−8.1%vs national(−$60k)

Median of resales in the 12 months to Jul 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$721,888
Jan 2026 · 5 ROOM · Floor 19-21
Median $/sqm
$4,444
Based on 21 transactions
Total Transactions
21
Since Jan 2017
5-Year Trend
▲ +18.7%
Median price change
Median Price ?
Top 52%
#153 / 296 Top 52%
Latest Sale ?
Top 44%
#131 / 296 Top 44%
Value ($/sqm) ?
Top 90%
#266 / 296 Top 90%
5-Year Growth ?
Top 93%
#205 / 220 Top 93%
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
+3.5%/yr
vs
Lease Decay
−0.79%/yr
Growth assumption
Based on this block’s +18.7% 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 49 years remaining 99 years
49 years 3 months
Remaining lease
↓ 0.79%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 49 years remaining, decay is gradual (~0.79%/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 Toa Payoh average.

Flat type Median rent /mo Gross yield Based on
5-Room $4,000 typically $3,600–$4,300 4.5% Toa Payoh 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 3 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
3 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 223 Lorong 8 Toa Payoh in Toa Payoh, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Toa Payoh
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 19 TO 21 5 ROOM 117 sqm $721,888 $6,170
Sep 2025 13 TO 15 5 ROOM 114 sqm $638,000 $5,596
Jun 2025 10 TO 12 5 ROOM 117 sqm $730,000 $6,239
Jun 2024 10 TO 12 5 ROOM 117 sqm $679,000 $5,803
Jun 2024 07 TO 09 5 ROOM 117 sqm $690,000 $5,897
Jun 2021 22 TO 24 5 ROOM 119 sqm $608,000 $5,109
Aug 2020 01 TO 03 5 ROOM 117 sqm $468,000 $4,000
Jul 2020 04 TO 06 5 ROOM 117 sqm $475,000 $4,060
Jun 2020 04 TO 06 5 ROOM 117 sqm $475,000 $4,060
Feb 2020 10 TO 12 5 ROOM 117 sqm $520,000 $4,444
Jan 2020 07 TO 09 5 ROOM 114 sqm $495,000 $4,342
Dec 2019 10 TO 12 5 ROOM 117 sqm $508,880 $4,349
Nov 2019 07 TO 09 5 ROOM 114 sqm $485,000 $4,254
Aug 2019 22 TO 24 5 ROOM 117 sqm $520,000 $4,444
Jul 2019 22 TO 24 5 ROOM 117 sqm $510,000 $4,359
Jun 2019 07 TO 09 5 ROOM 114 sqm $460,000 $4,035
Apr 2019 04 TO 06 5 ROOM 114 sqm $470,000 $4,123
Jun 2018 10 TO 12 5 ROOM 117 sqm $510,000 $4,359
Jun 2018 04 TO 06 5 ROOM 117 sqm $520,000 $4,444
Feb 2018 25 TO 27 5 ROOM 117 sqm $580,000 $4,957
Showing 20 of 21 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 223 Lorong 8 Toa Payoh

Block 223 Lorong 8 Toa Payoh is an ageing-lease HDB block in Toa Payoh, built in 1976 with about 49 years left on its 99-year lease, so remaining lease is the dominant price factor here. At $520,000, its median sits roughly in line with the Toa Payoh town median. It has a regular flow of resale activity, with 21 transactions since 2017 across 5 room flats priced from $460,000 to $730,000. The most recent transaction was a 5 room flat on storeys 19 TO 21 at $721,888 in Jan 2026, and the median works out to $4,444/sqm. Floor level matters here: units on the higher 22 TO 24 band have sold around 9% above those on the 04 TO 06 band. Over five years, prices here are up about 18.7%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 223 Lorong 8 Toa Payoh worth?

The most recent resale transaction at Block 223 Lorong 8 Toa Payoh was $721,888 for a 5 room flat in 2026-01. The median price per square metre across all flat types is $4,444, based on 21 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 223 Lorong 8 Toa Payoh?

Block 223 Lorong 8 Toa Payoh was built in 1976 and has approximately 49 years and 3 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.79%, meaning the leasehold value decreases by approximately 0.79% per year at the current remaining lease.

What flat types are available at Block 223 Lorong 8 Toa Payoh?

Block 223 Lorong 8 Toa Payoh in Toa Payoh contains 5 room flats. Resale prices range from $460,000 to $730,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 223 Lorong 8 Toa Payoh gone up or down?

Resale prices at Block 223 Lorong 8 Toa Payoh have increased by approximately 18.7% over the past five years. The current median price is $520,000, with the most recent sale at $721,888 in 2026-01.

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