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Block 224 Lorong 8 Toa Payoh

5 Room · Built 1976 · 49 years remaining lease · Updated Aug 2025 MOP Cleared

Block 224 Lorong 8 Toa Payoh has 16 recorded HDB resale transactions since 2017. Latest sale: $695,000 (Aug 2025, 5 room, floors 04–06). Median $4,479/sqm. Prices up 30.6% over the past five years. Built 1976, 49 years lease remaining.

Latest Sale
$695,000
Aug 2025 · 5 ROOM · Floor 04-06
Median $/sqm
$4,479
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +30.6%
Median price change
Median Price ?
Top 51%
#152 / 296 Top 51%
Latest Sale ?
Top 46%
#136 / 296 Top 46%
Value ($/sqm) ?
Top 88%
#259 / 296 Top 88%
5-Year Growth ?
Top 52%
#115 / 220 Top 52%
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
+5.5%/yr
vs
Lease Decay
−0.77%/yr
Growth assumption
Based on this block’s +30.6% 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 8 months
Remaining lease
↓ 0.77%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 49 years remaining, decay is gradual (~0.77%/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 224 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
Aug 2025 04 TO 06 5 ROOM 117 sqm $695,000 $5,940
Apr 2025 19 TO 21 5 ROOM 119 sqm $750,000 $6,303
Apr 2025 04 TO 06 5 ROOM 117 sqm $680,000 $5,812
Dec 2023 16 TO 18 5 ROOM 117 sqm $720,000 $6,154
Aug 2023 22 TO 24 5 ROOM 117 sqm $699,000 $5,974
Nov 2021 10 TO 12 5 ROOM 117 sqm $550,000 $4,701
May 2021 04 TO 06 5 ROOM 119 sqm $510,000 $4,286
Jan 2021 22 TO 24 5 ROOM 117 sqm $532,000 $4,547
Dec 2020 10 TO 12 5 ROOM 114 sqm $520,000 $4,561
Aug 2020 13 TO 15 5 ROOM 117 sqm $507,000 $4,333
Feb 2020 07 TO 09 5 ROOM 119 sqm $500,000 $4,202
Aug 2019 07 TO 09 5 ROOM 117 sqm $480,000 $4,103
Mar 2019 22 TO 24 5 ROOM 119 sqm $525,000 $4,412
Apr 2018 16 TO 18 5 ROOM 114 sqm $495,000 $4,342
Mar 2018 04 TO 06 5 ROOM 114 sqm $500,000 $4,386
Oct 2017 13 TO 15 5 ROOM 117 sqm $505,000 $4,316
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 224 Lorong 8 Toa Payoh

Block 224 Lorong 8 Toa Payoh in Toa Payoh dates to 1976 and now has roughly 49 years of lease remaining, which makes lease decay the central consideration for buyers. Its $522,500 median tracks close to the Toa Payoh town median. It has a relatively light resale record, with 16 transactions since 2017 across 5 room flats priced from $480,000 to $750,000. The most recent transaction was a 5 room flat on storeys 04 TO 06 at $695,000 in Aug 2025, and the median works out to $4,479/sqm. Over five years, prices here are up about 30.6%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 224 Lorong 8 Toa Payoh worth?

The most recent resale transaction at Block 224 Lorong 8 Toa Payoh was $695,000 for a 5 room flat in 2025-08. The median price per square metre across all flat types is $4,479, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 224 Lorong 8 Toa Payoh?

Block 224 Lorong 8 Toa Payoh was built in 1976 and has approximately 49 years and 8 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.77%, meaning the leasehold value decreases by approximately 0.77% per year at the current remaining lease.

What flat types are available at Block 224 Lorong 8 Toa Payoh?

Block 224 Lorong 8 Toa Payoh in Toa Payoh contains 5 room flats. Resale prices range from $480,000 to $750,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 224 Lorong 8 Toa Payoh gone up or down?

Resale prices at Block 224 Lorong 8 Toa Payoh have increased by approximately 30.6% over the past five years. The current median price is $522,500, with the most recent sale at $695,000 in 2025-08.

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