121 Paya Lebar Way 381121, Macpherson, Central Region, Singapore
$3,990 /month

Discover this affordable and freshly renovated HDB apartment at 121 Paya Lebar Way, situated in District 14. Priced at just 3,990 per month, this rental offers excellent value for young professionals, first-time buyers, and renters seeking a comfortable and budget-friendly home. The property is available immediately, so you can move in without delay. This 3-bedroom, 2-bathroom unit provides ample space for a small family or professionals looking for a convenient urban residence. Built in 1979, the apartment has been recently renovated to ensure a modern, move-in-ready condition. Its strategic location at Paya Lebar Way offers easy access to key amenities and transportation options in the area. With a lease tenure of L99, this property combines affordability with practicality, making it an ideal choice for those entering the property market or seeking a low-maintenance rental. Don’t miss this opportunity to secure a well-maintained, ready-to-move-in home at a compelling price point in Singapore’s vibrant District 14.
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: L3008022J
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Estimated sale value based on 14 HDB resale transactions (data.gov.sg) · 1 outliers removed (IQR)
Fair Value
S$391,512
S$400 psf
Asking Price
S$3,990
S$5 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
52 yrs
99-year Leasehold · Balance remaining
Confidence
Medium
14 comps
Nearest MRT
Mattar
577m away · +2% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
14 comparable transactions
S$527
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.743
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$400
Recent Comparable Transactions
10 shown · 14 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneFeb 2026 | Blk 121 PAYA LEBAR WAY Floor 10 TO 12 | 1,001sqft | S$525,000 | ▲S$524 +31.0% vs FV | 99yr from 1980 |
Feb 2026 | Blk 121 PAYA LEBAR WAY Floor 10 TO 12 | 1,001sqft | S$525,000 | ▲S$524 +31.0% vs FV | 99yr from 1980 |
Dec 2025 | Blk 121 PAYA LEBAR WAY Floor 07 TO 09 | 980sqft | S$532,000 | ▲S$543 +35.8% vs FV | 99yr from 1980 |
Nov 2025 | Blk 121 PAYA LEBAR WAY Floor 01 TO 03 | 980sqft | S$500,000 | ▲S$510 +27.5% vs FV | 99yr from 1980 |
Nov 2025 | Blk 121 PAYA LEBAR WAY Floor 01 TO 03 | 980sqft | S$520,000 | ▲S$531 +32.8% vs FV | 99yr from 1980 |
May 2025 | Blk 121 PAYA LEBAR WAY Floor 04 TO 06 | 980sqft | S$514,000 | ▲S$525 +31.3% vs FV | 99yr from 1980 |
Mar 2025 | Blk 121 PAYA LEBAR WAY Floor 10 TO 12 | 980sqft | S$550,000 | ▲S$561 +40.3% vs FV | 99yr from 1980 |
Mar 2025 | Blk 121 PAYA LEBAR WAY Floor 04 TO 06 | 980sqft | S$520,000 | ▲S$531 +32.8% vs FV | 99yr from 1980 |
Feb 2025 | Blk 121 PAYA LEBAR WAY Floor 10 TO 12 | 1,001sqft | S$543,000 | ▲S$542 +35.5% vs FV | 99yr from 1980 |
Jan 2025 | Blk 121 PAYA LEBAR WAY Floor 07 TO 09 | 980sqft | S$513,000 | ▲S$524 +31.0% vs FV | 99yr from 1980 |
Dec 2024 | Blk 121 PAYA LEBAR WAY Floor 01 TO 03 | 980sqft | S$480,000 | ▲S$490 +22.5% vs FV | 99yr from 1980 |
Blk 121 PAYA LEBAR WAY
Feb 2026 · Floor 10 TO 12
+31.0% vs FV
Blk 121 PAYA LEBAR WAY
Feb 2026 · Floor 10 TO 12
+31.0% vs FV
Blk 121 PAYA LEBAR WAY
Dec 2025 · Floor 07 TO 09
+35.8% vs FV
Blk 121 PAYA LEBAR WAY
Nov 2025 · Floor 01 TO 03
+27.5% vs FV
Blk 121 PAYA LEBAR WAY
Nov 2025 · Floor 01 TO 03
+32.8% vs FV
Blk 121 PAYA LEBAR WAY
May 2025 · Floor 04 TO 06
+31.3% vs FV
Blk 121 PAYA LEBAR WAY
Mar 2025 · Floor 10 TO 12
+40.3% vs FV
Blk 121 PAYA LEBAR WAY
Mar 2025 · Floor 04 TO 06
+32.8% vs FV
Blk 121 PAYA LEBAR WAY
Feb 2025 · Floor 10 TO 12
+35.5% vs FV
Blk 121 PAYA LEBAR WAY
Jan 2025 · Floor 07 TO 09
+31.0% vs FV
Blk 121 PAYA LEBAR WAY
Dec 2024 · Floor 01 TO 03
+22.5% vs FV
HELIOS AI Analysis
The valuation of the HDB 4-room unit in Geylang, with a remaining lease of 52 years, stands at an estimated $391,512, translating to a price per square foot (PSF) of $400. This valuation reflects a market signal with no deviation from the established baseline, indicating a stable pricing environment in the Geylang area. The consistency in pricing suggests that the local market is currently resilient, maintaining equilibrium amidst varying economic conditions.
Furthermore, the model confidence is categorized as medium, stemming from an analysis of 14 recent HDB resale transactions within the vicinity. This data set provides a solid foundation for our valuation assessment, suggesting a balanced demand and supply scenario. The remaining lease duration further enhances the property's appeal, as Geylang continues to be a sought-after location characterized by its vibrant lifestyle and proximity to key amenities. As such, investors and homeowners alike may find this HDB unit a compelling opportunity within the current market landscape.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.