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Block 231 Lorong 8 Toa Payoh

3 Room · Built 1976 · 49 years remaining lease MOP Cleared
Latest Sale
$340,000
Jan 2026 · 3 ROOM · Floor 01-03
Median $/sqm
$4,077
Based on 37 transactions
Total Transactions
37
Since Jan 2017
5-Year Trend
▲ +32.8%
Median price change
Median Price ?
Top 95%
#279 / 295 Top 95%
Latest Sale ?
Top 93%
#273 / 295 Top 93%
Value ($/sqm) ?
Top 98%
#288 / 295 Top 98%
5-Year Growth ?
Top 45%
#98 / 218 Top 45%
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
+5.8%/yr
vs
Lease Decay
−0.77%/yr
Growth assumption
Based on this block’s +32.8% 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 11 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
Jan 2026 01 TO 03 3 ROOM 65 sqm $340,000 $5,231
Sep 2025 01 TO 03 3 ROOM 65 sqm $350,000 $5,385
Aug 2025 10 TO 12 3 ROOM 65 sqm $390,000 $6,000
Apr 2025 10 TO 12 3 ROOM 65 sqm $350,000 $5,385
Jun 2024 07 TO 09 3 ROOM 65 sqm $357,000 $5,492
Feb 2024 10 TO 12 3 ROOM 65 sqm $355,000 $5,462
Nov 2022 04 TO 06 3 ROOM 65 sqm $330,000 $5,077
Nov 2022 10 TO 12 3 ROOM 65 sqm $333,000 $5,123
Oct 2022 04 TO 06 3 ROOM 65 sqm $318,000 $4,892
Oct 2022 04 TO 06 3 ROOM 65 sqm $328,000 $5,046
Oct 2022 07 TO 09 3 ROOM 65 sqm $355,000 $5,462
Aug 2022 07 TO 09 3 ROOM 65 sqm $320,000 $4,923
Jun 2022 10 TO 12 3 ROOM 65 sqm $290,000 $4,462
Mar 2022 04 TO 06 3 ROOM 65 sqm $250,000 $3,846
Mar 2022 01 TO 03 3 ROOM 65 sqm $318,000 $4,892
Sep 2021 10 TO 12 3 ROOM 65 sqm $285,000 $4,385
Aug 2021 01 TO 03 3 ROOM 65 sqm $288,000 $4,431
Jun 2021 01 TO 03 3 ROOM 65 sqm $265,000 $4,077
Apr 2021 07 TO 09 3 ROOM 65 sqm $260,000 $4,000
Mar 2021 07 TO 09 3 ROOM 65 sqm $262,000 $4,031
Showing 20 of 37 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 231 Lorong 8 Toa Payoh

Block 231 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 3 room flats, with resale prices ranging from $212,000 to $390,000 based on 37 recorded transactions since January 2017. The most recent transaction was a 3 room flat on storeys 01 TO 03 sold for $340,000 in 2026-01. The current median price per square metre is $4,077. Over the past five years, resale prices at this block have increased by approximately 32.8%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8204, 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 231 Lorong 8 Toa Payoh worth?

The most recent resale transaction at Block 231 Lorong 8 Toa Payoh was $340,000 for a 3 room flat in 2026-01. The median price per square metre across all flat types is $4,077, based on 37 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 231 Lorong 8 Toa Payoh?

Block 231 Lorong 8 Toa Payoh was built in 1976 and has approximately 49 years and 11 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 231 Lorong 8 Toa Payoh?

Block 231 Lorong 8 Toa Payoh in Toa Payoh contains 3 room flats. Resale prices range from $212,000 to $390,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 231 Lorong 8 Toa Payoh gone up or down?

Resale prices at Block 231 Lorong 8 Toa Payoh have increased by approximately 32.8% over the past five years. The current median price is $265,000, with the most recent sale at $340,000 in 2026-01.

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