Block 123 Paya Lebar Way

5 Room · Built 1980 · 53 years remaining lease MOP Cleared
Latest Sale
$730,000
Oct 2025 · 5 ROOM · #19-21
Median $/sqm
$5,381
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
▲ +18.7%
Median price change
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 53 years remaining 99 years
53 years 10 months
Remaining lease
↓ 0.65%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 53 years remaining, decay is gradual (~0.65%/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
Oct 2025 19 TO 21 5 ROOM 118 sqm $730,000 $6,186
Aug 2024 04 TO 06 5 ROOM 118 sqm $670,000 $5,678
Jul 2024 13 TO 15 5 ROOM 118 sqm $736,000 $6,237
Jul 2023 01 TO 03 5 ROOM 118 sqm $628,000 $5,322
Apr 2023 13 TO 15 5 ROOM 118 sqm $665,000 $5,636
Feb 2023 04 TO 06 5 ROOM 118 sqm $635,000 $5,381
Dec 2022 01 TO 03 5 ROOM 118 sqm $635,000 $5,381
Aug 2022 04 TO 06 5 ROOM 118 sqm $630,000 $5,339
Feb 2022 04 TO 06 5 ROOM 118 sqm $645,000 $5,466
Nov 2021 07 TO 09 5 ROOM 118 sqm $650,000 $5,508
Apr 2021 10 TO 12 5 ROOM 118 sqm $610,000 $5,169
Mar 2021 04 TO 06 5 ROOM 118 sqm $615,000 $5,212
Apr 2020 04 TO 06 5 ROOM 118 sqm $588,000 $4,983
May 2019 13 TO 15 5 ROOM 118 sqm $610,000 $5,169
Oct 2018 07 TO 09 5 ROOM 118 sqm $645,888 $5,474
Aug 2018 19 TO 21 5 ROOM 118 sqm $640,000 $5,424
Oct 2017 04 TO 06 5 ROOM 118 sqm $590,000 $5,000
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 123 Paya Lebar Way

Block 123 at Paya Lebar Way is a residential HDB block in Geylang, Singapore, built in 1980 with approximately 53 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $588,000 to $736,000 based on 17 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 19 TO 21 sold for $730,000 in 2025-10. The current median price per square metre is $5,381. Over the past five years, resale prices at this block have increased by approximately 18.7%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8431, with an annual lease decay rate of approximately 0.65%. 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 123 Paya Lebar Way worth?

The most recent resale transaction at Block 123 Paya Lebar Way was $730,000 for a 5 room flat in 2025-10. The median price per square metre across all flat types is $5,381, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 123 Paya Lebar Way?

Block 123 Paya Lebar Way was built in 1980 and has approximately 53 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 0.65%, meaning the leasehold value decreases by approximately 0.65% per year at the current remaining lease.

What flat types are available at Block 123 Paya Lebar Way?

Block 123 Paya Lebar Way in Geylang contains 5 room flats. Resale prices range from $588,000 to $736,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 123 Paya Lebar Way gone up or down?

Resale prices at Block 123 Paya Lebar Way have increased by approximately 18.7% over the past five years. The current median price is $635,000, with the most recent sale at $730,000 in 2025-10.

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