Block 120 Paya Lebar Way

5 Room · Built 1980 · 57 years remaining lease MOP Cleared
Latest Sale
$620,000
Nov 2021 · 5 ROOM · #07-09
Median $/sqm
$5,153
Based on 7 transactions
Total Transactions
7
Since Jan 2017
5-Year Trend
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Insufficient data
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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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 57 years remaining 99 years
57 years 10 months
Remaining lease
↓ 0.55%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 57 years remaining, decay is gradual (~0.55%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Nov 2021 07 TO 09 5 ROOM 118 sqm $620,000 $5,254
Sep 2021 07 TO 09 5 ROOM 118 sqm $650,000 $5,508
Feb 2021 10 TO 12 5 ROOM 118 sqm $608,000 $5,153
Mar 2020 16 TO 18 5 ROOM 118 sqm $605,000 $5,127
Jul 2019 13 TO 15 5 ROOM 118 sqm $618,000 $5,237
Nov 2018 13 TO 15 5 ROOM 118 sqm $600,000 $5,085
May 2017 19 TO 21 5 ROOM 118 sqm $600,000 $5,085
Showing 7 of 7 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 120 Paya Lebar Way

Block 120 at Paya Lebar Way is a residential HDB block in Geylang, Singapore, built in 1980 with approximately 57 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $600,000 to $650,000 based on 7 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $620,000 in 2021-11. The current median price per square metre is $5,153. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8632, with an annual lease decay rate of approximately 0.55%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 120 Paya Lebar Way worth?

The most recent resale transaction at Block 120 Paya Lebar Way was $620,000 for a 5 room flat in 2021-11. The median price per square metre across all flat types is $5,153, based on 7 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 120 Paya Lebar Way?

Block 120 Paya Lebar Way was built in 1980 and has approximately 57 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.55%, meaning the leasehold value decreases by approximately 0.55% per year at the current remaining lease.

What flat types are available at Block 120 Paya Lebar Way?

Block 120 Paya Lebar Way in Geylang contains 5 room flats. Resale prices range from $600,000 to $650,000 based on historical transaction records from data.gov.sg.

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