SELL & RENT HDBS IN GEYLANG ESTATE
Geylang (芽笼), located in the eastern part of Singapore’s Central Region, is a vibrant and eclectic HDB estate. Part of the Central CDC, it is well-connected by the Paya Lebar and Aljunied MRT stations on the East-West Line, as well as major roads like the Pan-Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE).
Known for its colourful street life, diverse culture, and famous food scene, Geylang offers residents a unique blend of traditional charm and urban convenience. Its proximity to the city and affordable housing options make it an attractive location for many residents, from locals to foreigners.
These are some of the HDB subzones in the Geylang estate:
- Aljunied
- Geylang East
- MacPherson
My personal connection to Geylang dates back to my secondary school days. For four years, I explored this vibrant neighbourhood regularly, hunting for affordable meals and enjoying game console rentals in neighbourhood shop units with my schoolmates.
I thought it was interesting how we travel as Singaporeans to other countries to see these cultures when I experienced that in the same context in my back alley, just behind my house.
Grew up in Geylang
QUICK LINKS
HDB GEYLANG BRANCH OFFICE
7 INTERESTING FACTS ABOUT GEYLANG HDB ESTATE
(a) Historical Significance:
Geylang’s history dates back to the early 19th century when it was a plantation area. The name “Geylang” is believed to come from the Malay word “gelang,” meaning “mill,” referencing the mills that once processed spices and coconuts in the area.
(b) Unique Urban Planning:
Geylang is notable for its distinct urban layout, featuring numbered “lorongs” (lanes) running perpendicular to Geylang Road. This grid system, established in the 1920s, gives the area its unique character and easy navigation.
(c) Cultural Diversity:
Geylang is home to a diverse mix of communities. The Geylang Serai district, in particular, is considered the heart of Singapore’s Malay community, with cultural landmarks, mosques, and annual celebrations like Hari Raya adding vibrancy to the estate.
(d) Authenticity:
Geylang is often regarded as one of Singapore’s most authentic and colorful districts, offering a glimpse into traditional Asian life with its bustling streets, markets, and old-school charm.
It provides an alternative view of Singapore, showcasing elements of urban life that stand in contrast to the modern, polished aesthetic seen in other parts of the city, making it a truly unique part of the island.
(e) Architecture & Preservation Efforts:
Geylang’s architectural landscape is a mix of HDB flats, modern condominiums, and heritage shophouses. Many shophouses along Geylang Road are protected from redevelopment, preserving the area’s historical and cultural character.
(f) Fantastic Food Scene:
Geylang is famous for its diverse culinary offerings. The area boasts late-night eateries, durian shops, and a wide variety of local and international cuisines, making it a go-to destination for food lovers.
(g) Hari Raya Light-Up:
During the Ramadan period, Geylang Serai transforms into a festive hub with its iconic Hari Raya light displays. The vibrant decorations and bustling markets attract both locals and tourists, highlighting the area’s rich cultural heritage.
Are you considering selling, buying or renting out your HDB flat in Geylang estate?
Or simply curious about the HDB housing scene in Geylang estate?
Check out the HDB median resale prices and rental statistics for Geylang estate below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN GEYLANG?
Quarterly Geylang HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR GEYLANG HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Geylang’s resale market showed strong growth:
3-Room Flats:
- Starting median price (2020-Q1): $225,000
- Current median price (2024-Q3): $416,500
- Median price appreciation: 85.1% in ~4 years
Key Observations:
- Current price is historical peak
- Strong acceleration in 2024
4-Room Flats:
- Starting median price (2020-Q1): $450,000
- Current price (2024-Q3): $884,000
- Median price appreciation: 96.4% in ~4 years
Key Observations:
- Sharp increase in 2024-Q2/Q3
- Nearly doubled in value since 2020
5-Room Flats:
- Starting median price (2020-Q3): $689,000
- Current median price (2024-Q3): $800,000
- Median price appreciation: 16.1% in ~4 years
Key Observations:
- Sporadic transaction data
- Peak of $856,500 in 2022-Q1
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting price (2007-Q2): $162,500
- Current median price (2024-Q3): $416,500
- Total median price appreciation: 156.3%
4-Room Flats:
- Starting median price (2007-Q2): $265,500
- Current median price (2024-Q3): $884,000
- Total median price appreciation: 233.6%
5-Room Flats:
- Starting median price (2007-Q2): $386,000
- Current median price (2024-Q3): $800,000
- Total median price appreciation: 107.3%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for the 5-room HDB flats in Geylang has a lot of gaps. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Geylang HDB flat types in 2024-Q3:
a) HDB 3-room flat: $775,000 @ 82A Circuit Road
b) HDB 4-room flat: $1,022,000 @ 82A Circuit Road
c) HDB 5-room flat: $1,130,000 @ 28 Cassia Crescent
d) HDB executive flat: $1,038,000 @ 133 Geylang East Avenue 1
Looking to sell your Geylang HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN GEYLANG?
Quarterly Geylang HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR GEYLANG HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Geylang’s rental market showed strong growth:
2-Room Flats:
- Limited recent data
- Last recorded in 2022-Q1: $1,480
3-Room Flats:
- 2020-Q1: $1,800 → 2024-Q3: $2,800
- Increase: +55.6%
4-Room Flats:
- 2020-Q1: $2,300 → 2024-Q3: $3,350
- Increase: +45.7%
5-Room Flats:
- 2020-Q1: $2,500 → 2024-Q3: $3,800
- Increase: +52%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 3-room flats saw highest percentage increase
- Rental gaps range from $450 to $550 between flat types
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $900 → 2024-Q3: $2,800
- Total Growth: +211.1%
4-Room Flats:
- 2007-Q2: $1,225 → 2024-Q3: $3,350
- Total Growth: +173.5%
5-Room Flats:
- 2010-Q2: $2,000 → 2024-Q3: $3,800
- Total Growth: +90%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains the gaps in the line graphs for HDB 2-room flats (almost non-existent) & 5-room flats in Geylang.
HIGHEST RENT
Highest rent achieved for the different Geylang HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,600 @ 93 Jalan Dua
b) HDB 4-room flat: $4,300 @ multiple locations
c) HDB 5-room flat: $4,500 @ 126 Aljunied Road
d) HDB executive flat: $4,200 @ 133 Geylang East Avenue 1
Looking to rent out your Geylang HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
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In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
