Block 123 Paya Lebar Way
Block 123 Paya Lebar Way has 18 recorded HDB resale transactions since 2017. Latest sale: $750,000 (Jun 2026, 5 room, floors 19–21). Median $5,403/sqm. Prices up 20.3% over the past five years. Built 1980, 53 years lease remaining.
How this block compares
- 5 Room$740,000−18.7%vs town(−$170k)+0.0%vs national(+$0)
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.
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 |
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.
- 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.
Other HDB blocks closest to Block 123 Paya Lebar Way in Geylang, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.
| Date | Floor | Type | Area | Price | $/sqm |
|---|---|---|---|---|---|
| Jun 2026 | 19 TO 21 | 5 ROOM | 118 sqm | $750,000 | $6,356 |
| 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 |
About Block 123 Paya Lebar Way
Block 123 Paya Lebar Way is an ageing-lease HDB block in Geylang, built in 1980 with about 53 years left on its 99-year lease, so remaining lease is the dominant price factor here. Its median runs about 34% above the Geylang median, ahead of around 70% of the town's blocks. It has a relatively light resale record, with 18 transactions since 2017 across 5 room flats priced from $588,000 to $750,000. The most recent transaction was a 5 room flat on storeys 19 TO 21 at $750,000 in Jun 2026, and the median works out to $5,403/sqm. Floor level matters here: units on the higher 19 TO 21 band have sold around 16% above those on the 04 TO 06 band. Over five years, prices here are up about 20.3%. All transaction data is sourced from data.gov.sg and 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 $750,000 for a 5 room flat in 2026-06. The median price per square metre across all flat types is $5,403, based on 18 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 3 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.67%, meaning the leasehold value decreases by approximately 0.67% 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 $750,000 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 20.3% over the past five years. The current median price is $637,500, with the most recent sale at $750,000 in 2026-06.