124 Paya Lebar Way 381124, Macpherson, Central Region, Singapore
$750,000
Spacious 5 Room HDB at 124 Paya Lebar Way. Unblocked views, windy and bright living environment. Near Mattar and MacPherson MRT with supermarkets and malls nearby. Located in Geylang within the Central Region, offering strong connectivity and city-fringe convenience. Property Details • Address: 124 Paya Lebar Way • Flat Type: 5 Room HDB • Tenure: 99 Years from 1980 • Completed: 1980 • Total Units in Block: 80 units (5-room flats) Key Highlights • Unblocked views offering privacy and openness • Windy and well-ventilated unit with good natural airflow • Bright interior with practical and spacious family layout • Rare 5-room configuration in a central city-fringe location Connectivity • Nearest MRT: Mattar (DT25) and MacPherson (CC10 / DT26) • Well-connected to major roads and expressways • Excellent access to the Central Region and CBD Nearby Amenities • Groceries: NTUC FairPrice, Sheng Siong Supermarket (multiple outlets) • Shopping: Paya Lebar Square, Kallang Wave Mall • Dining & Lifestyle: Geylang Serai heritage enclave, vibrant eateries and shophouses Location Advantages Located within Geylang HDB Town in Singapore’s Central Region, an established residential area rich in heritage and lifestyle offerings. The Central Region remains Singapore’s key financial and commercial hub, with ongoing rejuvenation plans under the Master Plan 2019 and enhanced connectivity from the Circle Line expansion. Market Insight Based on recent transactions in the past 12 months, sale prices have transacted around S$655,000, with rental ranges between S$3,200 to S$3,450. A spacious and well-located 5 Room home offering strong city-fringe connectivity, vibrant surroundings and long-term liveability. ** Disclaimer ** Details and distances are approximate. Images may be digitally enhanced or illustrative and may differ from the actual unit.
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3002382K
Automated Valuation based on 136 HDB resale transactions (data.gov.sg) · 3 outliers removed (IQR)
Fair Value
S$661,583
S$521 psf
Asking Price
S$750,000
S$591 psf
vs Market
+13.4%
vs Last Done
-8.5%
Tenure
52 yrs
99-year Leasehold · Balance remaining
Confidence
High
136 comps
Nearest MRT
Mattar
450m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
136 comparable transactions
S$668
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.743
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$521
Recent Comparable Transactions
10 shown · 136 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneFeb 2026 | Blk 124 GEYLANG EAST AVE 1 Floor 07 TO 09 | 1,421sqft | S$918,000 | ▲S$646 +24.0% vs FV | 99yr from 1983 |
Feb 2026 | Blk 124 GEYLANG EAST AVE 1 Floor 07 TO 09 | 1,421sqft | S$918,000 | ▲S$646 +24.0% vs FV | 99yr from 1983 |
Feb 2026 | Blk 43 JLN TIGA Floor 04 TO 06 | 1,195sqft | S$1,138,000 | ▲S$952 +82.7% vs FV | 99yr from 2005 |
Feb 2026 | Blk 1 PINE CL Floor 01 TO 03 | 1,216sqft | S$1,003,800 | ▲S$825 +58.3% vs FV | 99yr from 2000 |
Feb 2026 | Blk 50 SIMS DR Floor 19 TO 21 | 1,259sqft | S$820,000 | ▲S$651 +25.0% vs FV | 99yr from 1977 |
Jan 2026 | Blk 125 ALJUNIED RD Floor 04 TO 06 | 1,302sqft | S$808,000 | ▲S$620 +19.0% vs FV | 99yr from 1983 |
Jan 2026 | Blk 126 ALJUNIED RD Floor 10 TO 12 | 1,302sqft | S$825,000 | ▲S$633 +21.5% vs FV | 99yr from 1983 |
Jan 2026 | Blk 27 BALAM RD Floor 13 TO 15 | 1,356sqft | S$1,017,000 | ▲S$750 +44.0% vs FV | 99yr from 1997 |
Jan 2026 | Blk 28 BALAM RD Floor 16 TO 18 | 1,367sqft | S$942,000 | ▲S$689 +32.2% vs FV | 99yr from 1997 |
Jan 2026 | Blk 28 BALAM RD Floor 04 TO 06 | 1,367sqft | S$850,000 | ▲S$622 +19.4% vs FV | 99yr from 1997 |
Jan 2026 | Blk 42 CIRCUIT RD Floor 13 TO 15 | 1,346sqft | S$905,000 | ▲S$673 +29.2% vs FV | 99yr from 1996 |
Blk 124 GEYLANG EAST AVE 1
Feb 2026 · Floor 07 TO 09
+24.0% vs FV
Blk 124 GEYLANG EAST AVE 1
Feb 2026 · Floor 07 TO 09
+24.0% vs FV
Blk 43 JLN TIGA
Feb 2026 · Floor 04 TO 06
+82.7% vs FV
Blk 1 PINE CL
Feb 2026 · Floor 01 TO 03
+58.3% vs FV
Blk 50 SIMS DR
Feb 2026 · Floor 19 TO 21
+25.0% vs FV
Blk 125 ALJUNIED RD
Jan 2026 · Floor 04 TO 06
+19.0% vs FV
Blk 126 ALJUNIED RD
Jan 2026 · Floor 10 TO 12
+21.5% vs FV
Blk 27 BALAM RD
Jan 2026 · Floor 13 TO 15
+44.0% vs FV
Blk 28 BALAM RD
Jan 2026 · Floor 16 TO 18
+32.2% vs FV
Blk 28 BALAM RD
Jan 2026 · Floor 04 TO 06
+19.4% vs FV
Blk 42 CIRCUIT RD
Jan 2026 · Floor 13 TO 15
+29.2% vs FV
HELIOS AI Analysis
This valuation report focuses on a HDB 5 Room unit located in the vibrant district of Geylang, boasting a remaining lease of 52 years. The estimated value of the property is positioned at $661,583, translating to a price per square foot (PSF) of $521. Notably, this valuation reflects an above-market position, with a significant premium of 13.4% when compared to the baseline valuation for similar properties in the area. This strong market signal indicates robust demand for HDB units within this locale, underscoring Geylang's appeal among homebuyers.
The high model confidence rating, derived from a comprehensive analysis of 136 recent HDB resale transactions in the vicinity, corroborates the accuracy of this valuation. Factors contributing to the elevated price point include the strategic location of Geylang, which is known for its rich cultural tapestry and accessibility to various amenities. The remaining lease of 52 years is also a critical consideration; while it provides a substantial period for potential homeowners, its impact on long-term investment value must be carefully assessed. Overall, this valuation exemplifies the vibrant dynamics of the Singapore HDB market, where localized demand and unique property attributes converge to create opportunities for discerning investors.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.