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Block 129 Geylang East Avenue 2

5 Room · Built 1986 · 61 years remaining lease MOP Cleared
Latest Sale
$688,000
Nov 2023 · 5 ROOM · Floor 01-03
Median $/sqm
$5,300
Based on 2 transactions
Total Transactions
2
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 23%
#59 / 253 Top 23%
Latest Sale ?
Top 36%
#91 / 253 Top 36%
Value ($/sqm) ?
Top 47%
#119 / 253 Top 47%
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
--
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.48%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 61 years remaining 99 years
61 years 7 months
Remaining lease
↓ 0.48%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 years remaining, decay is gradual (~0.48%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Nov 2023 01 TO 03 5 ROOM 133 sqm $688,000 $5,173
Oct 2022 01 TO 03 5 ROOM 129 sqm $700,000 $5,426
Showing 2 of 2 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 129 Geylang East Avenue 2

Block 129 at Geylang East Avenue 2 is a residential HDB block in Geylang, Singapore, built in 1986 with approximately 61 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $688,000 to $700,000 based on 2 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 01 TO 03 sold for $688,000 in 2023-11. The current median price per square metre is $5,300. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8798, with an annual lease decay rate of approximately 0.48%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 129 Geylang East Avenue 2 worth?

The most recent resale transaction at Block 129 Geylang East Avenue 2 was $688,000 for a 5 room flat in 2023-11. The median price per square metre across all flat types is $5,300, based on 2 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 129 Geylang East Avenue 2?

Block 129 Geylang East Avenue 2 was built in 1986 and has approximately 61 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.48%, meaning the leasehold value decreases by approximately 0.48% per year at the current remaining lease.

What flat types are available at Block 129 Geylang East Avenue 2?

Block 129 Geylang East Avenue 2 in Geylang contains 5 room flats. Resale prices range from $688,000 to $700,000 based on historical transaction records from data.gov.sg.

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