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Block 224 Lorong 8 Toa Payoh

5 Room · Built 1976 · 49 years remaining lease MOP Cleared
Latest Sale
$695,000
Aug 2025 · 5 ROOM · Floor 04-06
Median $/sqm
$4,479
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +30.6%
Median price change
Median Price ?
Top 51%
#151 / 295 Top 51%
Latest Sale ?
Top 45%
#134 / 295 Top 45%
Value ($/sqm) ?
Top 87%
#257 / 295 Top 87%
5-Year Growth ?
Top 54%
#117 / 218 Top 54%
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
+5.5%/yr
vs
Lease Decay
−0.77%/yr
Growth assumption
Based on this block’s +30.6% 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 49 years remaining 99 years
49 years 8 months
Remaining lease
↓ 0.77%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 49 years remaining, decay is gradual (~0.77%/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
Aug 2025 04 TO 06 5 ROOM 117 sqm $695,000 $5,940
Apr 2025 19 TO 21 5 ROOM 119 sqm $750,000 $6,303
Apr 2025 04 TO 06 5 ROOM 117 sqm $680,000 $5,812
Dec 2023 16 TO 18 5 ROOM 117 sqm $720,000 $6,154
Aug 2023 22 TO 24 5 ROOM 117 sqm $699,000 $5,974
Nov 2021 10 TO 12 5 ROOM 117 sqm $550,000 $4,701
May 2021 04 TO 06 5 ROOM 119 sqm $510,000 $4,286
Jan 2021 22 TO 24 5 ROOM 117 sqm $532,000 $4,547
Dec 2020 10 TO 12 5 ROOM 114 sqm $520,000 $4,561
Aug 2020 13 TO 15 5 ROOM 117 sqm $507,000 $4,333
Feb 2020 07 TO 09 5 ROOM 119 sqm $500,000 $4,202
Aug 2019 07 TO 09 5 ROOM 117 sqm $480,000 $4,103
Mar 2019 22 TO 24 5 ROOM 119 sqm $525,000 $4,412
Apr 2018 16 TO 18 5 ROOM 114 sqm $495,000 $4,342
Mar 2018 04 TO 06 5 ROOM 114 sqm $500,000 $4,386
Oct 2017 13 TO 15 5 ROOM 117 sqm $505,000 $4,316
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 224 Lorong 8 Toa Payoh

Block 224 at Lorong 8 Toa Payoh is a residential HDB block in Toa Payoh, Singapore, built in 1976 with approximately 49 years remaining on its 99-year lease. The block contains 5 room flats, with resale prices ranging from $480,000 to $750,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 04 TO 06 sold for $695,000 in 2025-08. The current median price per square metre is $4,479. Over the past five years, resale prices at this block have increased by approximately 30.6%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8189, with an annual lease decay rate of approximately 0.77%. 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 224 Lorong 8 Toa Payoh worth?

The most recent resale transaction at Block 224 Lorong 8 Toa Payoh was $695,000 for a 5 room flat in 2025-08. The median price per square metre across all flat types is $4,479, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 224 Lorong 8 Toa Payoh?

Block 224 Lorong 8 Toa Payoh was built in 1976 and has approximately 49 years and 8 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.77%, meaning the leasehold value decreases by approximately 0.77% per year at the current remaining lease.

What flat types are available at Block 224 Lorong 8 Toa Payoh?

Block 224 Lorong 8 Toa Payoh in Toa Payoh contains 5 room flats. Resale prices range from $480,000 to $750,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 224 Lorong 8 Toa Payoh gone up or down?

Resale prices at Block 224 Lorong 8 Toa Payoh have increased by approximately 30.6% over the past five years. The current median price is $522,500, with the most recent sale at $695,000 in 2025-08.

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