Block 123 Paya Lebar Way
123 Paya Lebar Way, Singapore 381123
Block 123 Paya Lebar Way is an HDB block in Geylang, completed in 1979, with 80 dwelling units. Across 79 resales on record, 5-Room flats have recently resold around S$645k (S$508 psf, 118 sqm). The lease has approximately 53 years remaining.
What are the key facts about Block 123 Paya Lebar Way?
Block 123 Paya Lebar Way is an HDB block in Geylang, completed in 1979, with 80 dwelling units.
- Town
- Geylang
- Planning area
- Geylang
- Completed
- 1979
- Storeys
- 21
- Total units
- 80
- Flat model
- Improved
- Market segment
- RCR
- Median resale
- S$645k
- Last transacted
- Jun 2026
- Remaining lease
- ≈ 53 years
What are resale prices at Block 123 Paya Lebar Way?
5-Room flats have recently resold around S$645k (S$508 psf), from 79 resales on record (HDB caveat data).
| Flat type | Resales | Median price | Size | PSF |
|---|---|---|---|---|
| 5-Room | 79 | S$645,000recent | 118 sqm | S$508 psf |
“Recent” medians use the latest transactions; for older blocks the all-time median spans 30+ years and understates today’s price. Source: HDB resale caveats, through Jun 2026.
What rent and yield does Block 123 Paya Lebar Way get?
Flats at Block 123 Paya Lebar Way have recently sublet for a median of S$3,000/mo, an indicative gross rental yield of about 5.6% (from 13 recent rental contracts).
Median rent
S$3,000/mo
13 recent contracts
Gross rental yield
5.6%
indicative, gross
Annual rent
S$36,000
median × 12 months
| Flat type | Contracts | Median rent |
|---|---|---|
| 5-Room | 13 | S$3,000/mo |
HDB subletting requires the flat owner to have met the 5-year Minimum Occupation Period (MOP), so the rental sample per block is small — treat the yield as indicative. Latest contract Jun 2026. Source: HDB rental (subletting) data.
What has recently sold at Block 123 Paya Lebar Way?
Block 123 Paya Lebar Way has 79 recorded resales; the most recent transacted at S$750,000 in Jun 2026 (HDB caveat data).
| Date | Flat type | Storey | Size | Price |
|---|---|---|---|---|
| Jun 2026 | 5-Room | 19 TO 21 | 118 sqm | S$750,000 |
| Oct 2025 | 5-Room | 19 TO 21 | 118 sqm | S$730,000 |
| Aug 2024 | 5-Room | 04 TO 06 | 118 sqm | S$670,000 |
| Jul 2024 | 5-Room | 13 TO 15 | 118 sqm | S$736,000 |
| Jul 2023 | 5-Room | 01 TO 03 | 118 sqm | S$628,000 |
| Apr 2023 | 5-Room | 13 TO 15 | 118 sqm | S$665,000 |
| Feb 2023 | 5-Room | 04 TO 06 | 118 sqm | S$635,000 |
| Dec 2022 | 5-Room | 01 TO 03 | 118 sqm | S$635,000 |
| Aug 2022 | 5-Room | 04 TO 06 | 118 sqm | S$630,000 |
| Feb 2022 | 5-Room | 04 TO 06 | 118 sqm | S$645,000 |
| Nov 2021 | 5-Room | 07 TO 09 | 118 sqm | S$650,000 |
| Apr 2021 | 5-Room | 10 TO 12 | 118 sqm | S$610,000 |
What flat types are in Block 123 Paya Lebar Way?
Block 123 Paya Lebar Way has 80 units, mostly 5-Room flats of the Improved model.
Unit stock by flat type, from the HDB property information dataset.
Where is Block 123 Paya Lebar Way?
Block 123 Paya Lebar Way is an HDB block in Geylang.
Block 123 Paya Lebar Way is an HDB block located along Paya Lebar Way. The block is recorded as completed around 1979, with up to 21 storeys. It has an estimated 80 residential units based on the HDB property information dataset. Flat types in the block include 5-room units.
The address is Block 123 Paya Lebar Way, Singapore 381123. It is part of District 14, Geylang / Eunos, the Geylang planning area. The block falls within the Central Region and the RCR market segment.
The nearest rail connection is Mattar MRT, approximately 458m away, around 7 minutes on foot. Nearby amenities include Paya Lebar Square for shopping, NTUC Fairprice Co-operative Ltd for groceries, Blk 89 Circuit Road for food options, Geylang East Pk for greenery and recreation, Geylang Polyclinic for polyclinic services, and MacPherson Community Club for community facilities.
How far is Block 123 Paya Lebar Way from MRT and schools?
The nearest MRT/LRT to Block 123 Paya Lebar Way is Mattar MRT, about 458 m away (~7 min walk). 3 schools are within 1 km, including 2 primary schools.
Getting around
- Mattar MRT458 m · ~7 min
- Aljunied MRT704 m · ~11 min
- Macpherson MRT877 m · ~14 min
Schools nearby
Flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Canossa Catholic Primary SchoolPrimary schoolwithin 1 km · P1 priority447 m
- Geylang Methodist School (Secondary)Secondary schoolwithin 1 km572 m
- Geylang Methodist School (Primary)Primary schoolwithin 1 km · P1 priority578 m
- Kong Hwa SchoolPrimary school1.4 km
- Cedar Girls' Secondary SchoolSecondary school1.6 km
- Cedar Primary SchoolPrimary school1.7 km
- Broadrick Secondary SchoolSecondary school1.8 km
- Bartley Secondary SchoolSecondary school1.9 km
Shops, food & parks
Straight-line distances from the block. Source: PropKaki amenities data.
What does it cost to buy a flat at Block 123 Paya Lebar Way?
Buying a flat at Block 123 Paya Lebar Way (~S$645k) needs about S$5,142/mo in income and S$2,422/mo in repayments, after S$13,950 stamp duty and a S$161k downpayment.
Illustrative, for a buyer at the recent median resale price (S$645k) — 25% downpayment (bank-loan basis), 25-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$13,950
BSD, tiered
Downpayment (25%)
S$161k
cash + CPF
Monthly instalment
S$2,422/mo
25y @ 3.5%
Income required
S$5,142/mo
MSR/TDSR @ stress rate
First-time HDB buyers pay no Additional Buyer’s Stamp Duty (ABSD) and may qualify for CPF Housing Grants of up to S$80,000+, which lower the cash required — these are not included above. An HDB concessionary loan also allows a smaller downpayment.
Wondering whether it will hold its value? See do HDB flats actually make money? →
Eyeing Block 123 Paya Lebar Way? Ask what it's worth.
Recent transacted prices, what's nearby, and whether an asking price is fair.
PropKakiRecent sales at Block 123 Paya Lebar Way land close to the town median — fair value, no big premium.
Frequently asked questions about Block 123 Paya Lebar Way
How much does a 5-Room flat at Block 123 Paya Lebar Way cost?⌄
5-Room flats at Block 123 Paya Lebar Way have recently resold for a median of about S$645k (S$508 psf), from 79 resales on record (HDB caveats). The exact price depends on the flat type, floor and remaining lease.
Is Block 123 Paya Lebar Way worth buying given its remaining lease?⌄
Block 123 Paya Lebar Way has about 53 years left on its 99-year lease (completed 1979). Below ~60 years, CPF usage and the maximum loan start to taper with the buyer's age, so check financing before committing. The figure is taken from the most recent transacted flat.
What is the rental yield at Block 123 Paya Lebar Way?⌄
Gross rental yield at Block 123 Paya Lebar Way is about 5.6%, based on a median subletting rent of about S$3,000/mo against a resale price of about S$645k. HDB subletting requires the owner to have met the 5-year MOP, so the per-block sample is small — treat this as indicative.
How much do I need to earn to buy a flat at Block 123 Paya Lebar Way?⌄
For a flat at about S$645k on a 25-year HDB-style loan, you'd need roughly S$5,142/mo in household income, with repayments around S$2,422/mo after a S$161k downpayment. First-timer grants of up to S$80,000+ (not included) lower the cash needed.
What is the nearest MRT to Block 123 Paya Lebar Way?⌄
The nearest MRT/LRT station to Block 123 Paya Lebar Way is Mattar MRT, about 458 m away (~7 min walk).
Which primary schools are within 1 km of Block 123 Paya Lebar Way?⌄
Canossa Catholic Primary School, Geylang Methodist School (Primary) are within 1 km of Block 123 Paya Lebar Way — flats within 1 km of a primary school qualify for Primary 1 (P1) registration priority.