Blk 123 Paya Lebar Way
Completed 1979 · 21 storeys · 80 flats · 53 years 03 months remaining · 18 resale transactions on record · median household income in Geylang: $7,500/mo (lowest quartile island-wide)
21 storeys · completed 1979 · shops below
What the record shows
A 5-room here sold for $750,000 in Jun 2026. The same flat type in this block averaged $630,000 in 2021 - a gain of $120,000 - about $66 a day while the owner slept.
In this block, 5-room flats from floor 14 up have sold for a median of $740,000 - $105,000 more than floors 7 and below, same flat type, same block.
This block crossed 60 years remaining in 2019 - the line where CPF usage rules tighten for buyers. In Geylang over the last two years, flats below that line sold at a median 40% below their younger neighbours' PSF (919 sales).
Rent check
What flats in this block actually rented for in the last 12 months - official approvals, not listings. If you’re quoted much more, you have a number to negotiate with.
| Type | Block median | Range | Geylang median | Gross yield | Rented |
|---|---|---|---|---|---|
| 5-ROOM | $3,800/mo | $3,000–$3,800 | $4,050/mo | - | 3 |
Price trend
median PSF by year · ━ this block · ╌ Geylang · gaps = years with no sales here
The height gradient
every sale in 5 years, plotted by starting floor · 11 sales - do higher floors really fetch more here?
Every recent sale HDB official record, latest 18
| Month | Type | Storey | Area (sqm) | Price | PSF | Lease left |
|---|---|---|---|---|---|---|
| Jun 2026 | 5 ROOM | 19 to 21 | 118 | $750,000 | $590 | 53y 03m |
| Oct 2025 | 5 ROOM | 19 to 21 | 118 | $730,000 | $575 | 53y 10m |
| Aug 2024 | 5 ROOM | 04 to 06 | 118 | $670,000 | $528 | 55y 01m |
| Jul 2024 | 5 ROOM | 13 to 15 | 118 | $736,000 | $579 | 55y 02m |
| Jul 2023 | 5 ROOM | 01 to 03 | 118 | $628,000 | $494 | 56y 03m |
| Apr 2023 | 5 ROOM | 13 to 15 | 118 | $665,000 | $524 | 56y 05m |
| Feb 2023 | 5 ROOM | 04 to 06 | 118 | $635,000 | $500 | 56y 07m |
| Dec 2022 | 5 ROOM | 01 to 03 | 118 | $635,000 | $500 | 56y 10m |
| Aug 2022 | 5 ROOM | 04 to 06 | 118 | $630,000 | $496 | 57y 01m |
| Feb 2022 | 5 ROOM | 04 to 06 | 118 | $645,000 | $508 | 57y 07m |
| Nov 2021 | 5 ROOM | 07 to 09 | 118 | $650,000 | $512 | 57y 10m |
| Apr 2021 | 5 ROOM | 10 to 12 | 118 | $610,000 | $480 | 58y 05m |
| Mar 2021 | 5 ROOM | 04 to 06 | 118 | $615,000 | $484 | 58y 06m |
| Apr 2020 | 5 ROOM | 04 to 06 | 118 | $588,000 | $463 | 59y 05m |
| May 2019 | 5 ROOM | 13 to 15 | 118 | $610,000 | $480 | 60y 04m |
| Oct 2018 | 5 ROOM | 07 to 09 | 118 | $645,888 | $509 | 60y 10m |
| Aug 2018 | 5 ROOM | 19 to 21 | 118 | $640,000 | $504 | 61y |
| Oct 2017 | 5 ROOM | 04 to 06 | 118 | $590,000 | $465 | 61y 10m |
Who lives in Geylang
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
The neighbourhood
What sits around this address - distances computed from official OneMap and LTA records.
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Around this block
The nearest blocks by actual distance - street names are postal artifacts, so true neighbours often sit on a different road. Price gaps are median-vs-median on the flat type both blocks actually trade.
built 1979 · same generation
built 1979 · same generation
built 1979 · same generation
built 1979 · same generation
5-room median $59k above this block · 5 vs 4 sales
5-room median $67k above this block · 3 vs 4 sales
Condos nearby
The private premium, measured: the nearest condo trades at 3.6×this block’s PSF.
Grounded in this block’s own resale record, trend and lease - ask away.