CommercialRESIDENTIALDistrict 14 · Geylang

123 Paya Lebar Way

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

123 Paya Lebar Way is a commercial building in District 14 · Geylang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.8. ACRA records 12 live company registrations at this address.

1

What are the key facts about 123 Paya Lebar Way?

Key takeaway123 Paya Lebar Way is a commercial building in District 14 · Geylang, zoned RESIDENTIAL.
Asset class
Commercial
Land-use zone
RESIDENTIAL
Gross plot ratio
2.8
Tenure
Not on record
District / Area
District 14 · Geylang
Address
Land area
1,121 sqm
Transactions on record
None recorded
Live listings
None
ACRA registrations
12

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

2

About 123 Paya Lebar Way

123 Paya Lebar Way is a mixed-use building in Geylang (District 14). It is located along Paya Lebar Way, Singapore 381123.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.8.

It occupies roughly 1,121 sqm of land with about 3,139 sqm of gross floor area.

12 businesses are currently registered at this address with ACRA.

The nearest MRT is Mattar MRT, 458 m away (about a 7-minute walk). The closest bus stop (Blk 125) is 204 m away (about a 3-minute walk). Paya Lebar Square is 1.1 km away (about a 18-minute walk).

3

What is 123 Paya Lebar Way zoned as?

Key takeaway123 Paya Lebar Way sits on land zoned RESIDENTIAL with a gross plot ratio of 2.8.
Land-use zone
RESIDENTIAL
Gross plot ratio
2.8

Run the full zoning report for this building →

4

What do commercial rents run near 123 Paya Lebar Way?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 14 retail

Gross yield (area)
4.4%
3.9% net of property tax
Rent side (median of bands)
$96.97 psm/mo
2026Q2
Price side (strata, 5y)
$2,475 psf
113 sales

An INDICATIVE AREA yield for District 14 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 14 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$82.14$95.00$145.45
B1 & Below · 30 & Below$41.18$58.82$72.93
Level 2 & 3 · 30 & Below$59.62$65.22$74.50
Level 1 · >30 - 100$65.33$78.20$116.05
Level 2 & 3 · >30 - 100$54.07$96.97$174.25
Level 4 & Above · >30 - 100$114.92$138.10$233.82
B1 & Below · >30 - 100$159.63$224.93$312.51
Level 1 · >100 - 300$69.58$102.84$157.15

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

5

What is near 123 Paya Lebar Way?

Key takeawayThe nearest MRT/LRT is Mattar MRT, about 458 m away.

Getting around

Amenities nearby

Educational Institution · 149 mMediplus Clinic & Surgery · 161 mMacPherson Community Club · 175 mBlk 125 · 205 mBlk 89 Circuit Road · 262 mPlace Of Worship · 273 mNTUC Fairprice Co-operative Ltd · 414 mMattar MRT Exit B · 416 mGeylang Polyclinic · 568 mHotel · 908 m

Straight-line distances. Source: PropKaki amenities data.

6

How many companies are registered at 123 Paya Lebar Way?

Key takeawayACRA records 12 live company registrations at this address, 9 of them in the last three years.
Live registrations
12
Registered last 3 years
9
Most common type
Local Company

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

7

Frequently asked questions about 123 Paya Lebar Way

Where is 123 Paya Lebar Way?

123 Paya Lebar Way is at Paya Lebar Way, Singapore 381123, in the Geylang planning area.

What is 123 Paya Lebar Way zoned as?

123 Paya Lebar Way sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.8.

Have there been any recorded transactions at 123 Paya Lebar Way?

No caveats have been lodged for 123 Paya Lebar Way in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to 123 Paya Lebar Way?

Mattar MRT is the closest, 458 m away (about a 7-minute walk).

How many businesses are registered at 123 Paya Lebar Way?

12 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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