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Block 123 Lorong 1 Toa Payoh

3 Room · Built 1970 · 42 years remaining lease · Updated Apr 2026 MOP Cleared

Block 123 Lorong 1 Toa Payoh has 23 recorded HDB resale transactions since 2017. Latest sale: $420,000 (Apr 2026, 3 room, floors 04–06). Median $4,896/sqm. Prices up 24.5% over the past five years. Built 1970, 42 years lease remaining.

Latest Sale
$420,000
Apr 2026 · 3 ROOM · Floor 04-06
Median $/sqm
$4,896
Based on 23 transactions
Total Transactions
23
Since Jan 2017
5-Year Trend
▲ +24.5%
Median price change
Median Price ?
Top 78%
#230 / 296 Top 78%
Latest Sale ?
Top 68%
#200 / 296 Top 68%
Value ($/sqm) ?
Top 71%
#211 / 296 Top 71%
5-Year Growth ?
Top 80%
#176 / 220 Top 80%
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
+4.5%/yr
vs
Lease Decay
−1.04%/yr
Growth assumption
Based on this block’s +24.5% growth over 5 years
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 42 years remaining 99 years
42 years 10 months
Remaining lease
↓ 1.04%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 42 years remaining, decay is accelerating (~1.04%/yr). It accelerates significantly below 40 years. Lease decay is approaching the rate where it offsets market appreciation.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
3-Room $3,050 typically $3,000–$3,200 8.8% 10 rentals here
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

No popular school is within 1 km, but 3sit in the 1–2 km second-priority band.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
All Transactions
Date Floor Type Area Price $/sqm
Apr 2026 04 TO 06 3 ROOM 79 sqm $420,000 $5,316
Aug 2025 07 TO 09 3 ROOM 67 sqm $415,000 $6,194
Jun 2025 04 TO 06 3 ROOM 67 sqm $370,888 $5,536
Mar 2025 01 TO 03 3 ROOM 67 sqm $380,000 $5,672
Feb 2025 07 TO 09 3 ROOM 67 sqm $398,000 $5,940
Jan 2025 07 TO 09 3 ROOM 79 sqm $428,000 $5,418
Nov 2024 07 TO 09 3 ROOM 67 sqm $410,000 $6,119
Oct 2022 04 TO 06 3 ROOM 67 sqm $328,000 $4,896
Sep 2022 07 TO 09 3 ROOM 67 sqm $339,000 $5,060
Mar 2022 07 TO 09 3 ROOM 67 sqm $330,000 $4,925
Dec 2021 10 TO 12 3 ROOM 67 sqm $348,000 $5,194
Sep 2021 10 TO 12 3 ROOM 67 sqm $282,000 $4,209
Apr 2021 04 TO 06 3 ROOM 67 sqm $310,000 $4,627
Mar 2021 04 TO 06 3 ROOM 67 sqm $343,000 $5,119
Dec 2020 01 TO 03 3 ROOM 67 sqm $268,888 $4,013
Oct 2020 10 TO 12 3 ROOM 67 sqm $278,000 $4,149
Dec 2019 07 TO 09 3 ROOM 67 sqm $272,000 $4,060
May 2019 07 TO 09 3 ROOM 67 sqm $262,000 $3,910
Dec 2018 07 TO 09 3 ROOM 67 sqm $285,000 $4,254
Nov 2018 04 TO 06 3 ROOM 67 sqm $245,000 $3,657
Showing 20 of 23 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 123 Lorong 1 Toa Payoh

Block 123 at Lorong 1 Toa Payoh is a residential HDB block in Toa Payoh, Singapore, built in 1970 with approximately 42 years remaining on its 99-year lease. The block contains 3 room flats, with resale prices ranging from $245,000 to $428,000 based on 23 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 04 TO 06 sold for $420,000 in 2026-04. The current median price per square metre is $4,896. Over the past five years, resale prices at this block have increased by approximately 24.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.7709, with an annual lease decay rate of approximately 1.04%. 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 123 Lorong 1 Toa Payoh worth?

The most recent resale transaction at Block 123 Lorong 1 Toa Payoh was $420,000 for a 3 room flat in 2026-04. The median price per square metre across all flat types is $4,896, based on 23 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 123 Lorong 1 Toa Payoh?

Block 123 Lorong 1 Toa Payoh was built in 1970 and has approximately 42 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 1.04%, meaning the leasehold value decreases by approximately 1.04% per year at the current remaining lease.

What flat types are available at Block 123 Lorong 1 Toa Payoh?

Block 123 Lorong 1 Toa Payoh in Toa Payoh contains 3 room flats. Resale prices range from $245,000 to $428,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 123 Lorong 1 Toa Payoh gone up or down?

Resale prices at Block 123 Lorong 1 Toa Payoh have increased by approximately 24.5% over the past five years. The current median price is $328,000, with the most recent sale at $420,000 in 2026-04.

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