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…
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Automated Valuation based on 5 HDB resale transactions (data.gov.sg)
Fair Value
S$632,351
S$498 psf
Asking Price
S$750,000
S$591 psf
vs Market
+18.6%
vs Last Done
-10.9%
Tenure
52 yrs
99-year Leasehold · Balance remaining
Confidence
Low
5 comps
Nearest MRT
Mattar
450m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
5 comparable transactions
S$638
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$498
Recent Comparable Transactions
5 shown · 5 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneApr 2026 | Blk 124 GEYLANG EAST AVE 1 Floor 07 TO 09 | 1,421sqft | S$942,000 | ▲S$663 +33.1% vs FV | 99yr from 1983 |
Apr 2026 | Blk 124 GEYLANG EAST AVE 1 Floor 07 TO 09 | 1,421sqft | S$942,000 | ▲S$663 +33.1% vs FV | 99yr from 1983 |
Feb 2026 | Blk 124 GEYLANG EAST AVE 1 Floor 07 TO 09 | 1,421sqft | S$918,000 | ▲S$646 +29.7% vs FV | 99yr from 1983 |
Oct 2025 | Blk 124 GEYLANG EAST AVE 1 Floor 01 TO 03 | 1,421sqft | S$910,000 | ▲S$640 +28.5% vs FV | 99yr from 1983 |
Feb 2025 | Blk 124 GEYLANG EAST AVE 1 Floor 04 TO 06 | 1,421sqft | S$885,000 | ▲S$623 +25.1% vs FV | 99yr from 1983 |
Jul 2024 | Blk 124 GEYLANG EAST AVE 1 Floor 04 TO 06 | 1,421sqft | S$880,000 | ▲S$619 +24.3% vs FV | 99yr from 1983 |
Blk 124 GEYLANG EAST AVE 1
Apr 2026 · Floor 07 TO 09
+33.1% vs FV
Blk 124 GEYLANG EAST AVE 1
Apr 2026 · Floor 07 TO 09
+33.1% vs FV
Blk 124 GEYLANG EAST AVE 1
Feb 2026 · Floor 07 TO 09
+29.7% vs FV
Blk 124 GEYLANG EAST AVE 1
Oct 2025 · Floor 01 TO 03
+28.5% vs FV
Blk 124 GEYLANG EAST AVE 1
Feb 2025 · Floor 04 TO 06
+25.1% vs FV
Blk 124 GEYLANG EAST AVE 1
Jul 2024 · Floor 04 TO 06
+24.3% vs FV
HELIOS AI Analysis
The valuation of this 5-room HDB unit in Geylang, with a remaining lease of 52 years, presents an intriguing case within the current property landscape. With an estimated value of $632,351, translating to $498 per square foot, this property is positioned significantly above market expectations, reflecting an 18.6% premium over the baseline valuation. This discrepancy suggests a heightened demand for HDB properties in this locale, driven by Geylang's strategic location and its appeal as a vibrant cultural hub.
However, it is essential to note that the model confidence for this valuation is categorized as low, indicating potential variability in the assessed value due to market fluctuations and limited recent sales data. Based on five recent HDB resale transactions in the vicinity, this valuation may be influenced by unique property features or buyer sentiment that are not entirely captured in the broader market trends. As such, prospective buyers and investors should approach this valuation with a discerning eye, weighing both the benefits of the remaining lease period and the prevailing market conditions that may impact future resale opportunities.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.