Block 124 Paya Lebar Way
Block 124 Paya Lebar Way has 5 recorded HDB resale transactions since 2017. Latest sale: $780,000 (Aug 2026, 5 room, floors 07–09). Median $5,551/sqm. Prices up 25.5% over the past five years. Built 1980, 53 years lease remaining.
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 | 5.2% | 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 124 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 |
|---|---|---|---|---|---|
| Aug 2026 | 07 TO 09 | 5 ROOM | 118 sqm | $780,000 | $6,610 |
| Nov 2022 | 07 TO 09 | 5 ROOM | 118 sqm | $655,000 | $5,551 |
| Jul 2022 | 16 TO 18 | 5 ROOM | 118 sqm | $725,000 | $6,144 |
| Dec 2021 | 01 TO 03 | 5 ROOM | 118 sqm | $621,500 | $5,267 |
| Jul 2019 | 10 TO 12 | 5 ROOM | 118 sqm | $638,000 | $5,407 |
About Block 124 Paya Lebar Way
Block 124 Paya Lebar Way in Geylang dates to 1980 and now has roughly 53 years of lease remaining, which makes lease decay the central consideration for buyers. Its median runs about 38% above the Geylang median, ahead of around 72% of the town's blocks. It has a relatively light resale record, with 5 transactions since 2017 across 5 room flats priced from $621,500 to $780,000. The most recent transaction was a 5 room flat on storeys 07 TO 09 at $780,000 in Aug 2026, and the median works out to $5,551/sqm. Over five years, prices here are up about 25.5%. All transaction data is sourced from data.gov.sg and updated monthly.
Frequently Asked Questions
How much is an HDB flat at Block 124 Paya Lebar Way worth?
The most recent resale transaction at Block 124 Paya Lebar Way was $780,000 for a 5 room flat in 2026-08. The median price per square metre across all flat types is $5,551, based on 5 transactions since January 2017. Data sourced from data.gov.sg.
What is the remaining lease for Block 124 Paya Lebar Way?
Block 124 Paya Lebar Way was built in 1980 and has approximately 53 years and 1 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 124 Paya Lebar Way?
Block 124 Paya Lebar Way in Geylang contains 5 room flats. Resale prices range from $621,500 to $780,000 based on historical transaction records from data.gov.sg.
Have HDB prices at Block 124 Paya Lebar Way gone up or down?
Resale prices at Block 124 Paya Lebar Way have increased by approximately 25.5% over the past five years. The current median price is $655,000, with the most recent sale at $780,000 in 2026-08.