SELL & RENT HDBS IN TOA PAYOH ESTATE
Toa Payoh (大巴窑), Singapore’s second oldest satellite town after Queenstown, is a pioneering model of public housing success. As the first town (Singapore Improvement Trust oversaw Queenstown) entirely planned and developed by HDB in the 1960s, it introduced many groundbreaking concepts: Singapore’s first point blocks, pedestrian malls, town centre, and integrated transport hub.
Part of the Central Singapore CDC, it is well-served by Toa Payoh, Braddell, and Caldecott MRT stations on the North-South Line, with excellent connectivity via the CTE and PIE.
Toa Payoh’s success as a self-contained town became the blueprint for future HDB town planning across Singapore.
These are some of the HDB subzones in the Toa Payoh estate:
- Bidadari
- Toa Payoh Central
- Toa Payoh East
- Toa Payoh North
- Toa Payoh West
On a personal note, I once sold an HDB 5-room flat at Toa Payoh Sapphire for a record price.
Despite being Singapore’s first satellite town, Toa Payoh is so well-planned, in terms of connectivity and amenities. Once you live in Toa Payoh, you’ll never want to leave.
Long-time Toa Payoh resident.
QUICK LINKS
HDB TOA PAYOH BRANCH OFFICE
7 INTERESTING FACTS ABOUT TOA PAYOH HDB ESTATE
(a) A Name Rooted in History:
From “Big Swamp” (toa payoh in Hokkien) to modern township – the area transformed from forests and swampland into Singapore’s second satellite town after Queenstown.
(b) Pioneer of Many “Firsts”:
- First Residents’ Association in Singapore
- First neighbourhood police post system
- First air-conditioned bus interchange integrated with an MRT station
- First MRT station constructed in Singapore (completed 5 August 1985)
(c) Royal Connections:
Block 53, affectionately known as the “VIP Block,” earned its nickname after hosting Queen Elizabeth II during her visits in 1972 and 2006. The block became a symbol of Singapore’s public housing success story.
(d) Heritage Playgrounds:
Two iconic playgrounds preserve memories of old Singapore:
- The famous Dragon Playground (built in 1979) along Lorong 6
- The Dinosaur Playground, a lesser-known but equally nostalgic design at 27 Kim Keat Avenue
(e) Sports Legacy:
The estate made history as Singapore’s first Athletes’ Village during the 1973 South East Asian Peninsula Games (SEAP Games, now SEA Games), showcasing the town’s modern facilities and Singapore’s capability to host international sporting events.
(f) Living Heritage:
The estate houses the historic Lian Shan Shuang Lin Monastery, built in 1898. As Singapore’s oldest Buddhist monastery and a gazetted national monument, it represents an important link to the area’s pre-development past.
(g) Urban Planning Achievement:
Toa Payoh demonstrated Singapore’s successful public housing model, featuring:
- Innovative integrated facilities
- Comprehensive town planning
- Mix of residential, commercial, and recreational spaces
- Model for future HDB town developments
Are you considering selling, buying or renting out your HDB flat in Toa Payoh?
Or simply curious about the HDB housing scene in Toa Payoh?
Check out the HDB median resale prices and rental statistics for Toa Payoh below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN TOA PAYOH?
Quarterly Toa Payoh HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR TOA PAYOH 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, Toa Payoh’s resale market showed strong growth:
3-Room Flats:
- Starting median price (2020-Q1): $250,000
- Current median price (2024-Q3): $380,000
- Median price appreciation: 52% in ~4 years
Key Observations:
- Steady upward trajectory with minimal dips
- Particularly strong growth from 2022 onwards
- Median price increased by $130,000 in this period
- Most recent quarters show median prices stabilizing around $365,000-$385,000
4-Room Flats:
- Starting median price (2020-Q1): $539,000
- Current median price (2024-Q3): $850,000
- Median price appreciation: 57.7% in ~4 years
Key Observations:
- Dramatic price acceleration post-COVID
- Crossed $700,000 mark in 2022-Q2
- Breached $800,000 mark in 2024
- Shows strongest momentum among all flat types
5-Room Flats:
- Starting median price (2020-Q1): $688,000
- Current price (2024-Q3): $898,000
- Median price appreciation: 30.5% in ~4 years
Key Observations:
- More volatile price movements
- Recently crossed $900,000 mark
- Price range typically between $850,000-$945,000 in 2024
- Lower percentage gain compared to smaller units
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting median price (2007-Q2): $195,000
- Current median price (2024-Q3): $380,000
- Total median price appreciation: 94.9%
4-Room Flats:
- Starting median price (2007-Q2): $337,500
- Current median price (2024-Q3): $850,000
- Total median price appreciation: 151.9%
5-Room Flats:
- Starting median price (2007-Q2): $440,000
- Current median price (2024-Q3): $898,000
- Total median price appreciation: 104.1%
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 graphs for the 2-room & executive HDB flats in Toa Payoh are almost non-existent.There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Toa Payoh HDB flat types in 2024-Q3:
a) HDB 3-room flat: $810,000 @ 131A Lor 1 Toa Payoh
b) HDB 4-room flat: $1,200,000 @ 130A Lor 1 Toa Payoh
c) HDB 5-room flat: $1,500,000 @ 138B Lor 1 Toa Payoh
d) HDB executive flat: $1,240,000 @ 133 Potong Pasir Ave 1
Looking to sell your Toa Payoh HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN TOA PAYOH?
Quarterly Toa Payoh HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR TOA PAYOH HDB FLATS
Note: All prices shown are median rental prices. The median rental price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical rental price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Toa Payoh’s rental market showed strong growth:
3-Room Flats:
- 2020-Q1: $1,800 → 2024-Q3: $2,800
- Increase: +55.6%
4-Room Flats:
- 2020-Q1: $2,225 → 2024-Q3: $3,800
- Increase: +70.8%
5-Room Flats:
- 2020-Q1: $2,500 → 2024-Q3: $4,000
- Increase: +60%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 4-room flats saw highest percentage increase
- Rental gaps range from $200 to $1,000 between flat types
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $1,010 → 2024-Q3: $2,800
- Total Growth: +177.2%
4-Room Flats:
- 2007-Q2: $1,200 → 2024-Q3: $3,800
- Total Growth: +216.7%
5-Room Flats:
- 2008-Q2: $2,200 → 2024-Q3: $4,000
- Total Growth: +81.8%
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 why the line graph for 5-room HDB flats in Toa Payoh has some gaps. There were less than 20 transactions in those quarters.
HIGHEST RENT
Highest rent achieved for the different Toa Payoh HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,700 @ 130A Lor 1 Toa Payoh
b) HDB 4-room flat: $4,600 @ multiple locations in Toa Payoh
c) HDB 5-room flat: $5,100 @ 139B Lor 1a Toa Payoh
d) HDB executive flat: $4,900 @ 265 Kim Keat Ave
Looking to rent out your Toa Payoh 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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Let me start by saying Jack isn't a typical Singapore property agent. I didn't feel any pressure from him, which isn't typical of property agents. He's been very proactive & professional in assisting me with the sale & rental of my property. Always helpful with suggestions & advice that are backed up by sound analysis of the situation and the real estate market. I have full confidence recommending him to anyone in need of a property agent in Singapore.
I had the pleasure to work with Jack for rental of our home and I couldn't be happier with the experience. From start to finish, Jack demonstrated exceptional professionalism, dedication and market knowledge. Jack took the time to understand our requirements ensuring that the tenant who viewed were good fit. He is always available to answer my doubts and questions, provide insights and offer invaluable advice. What truly set Jack apart was his commitment to making the process as smooth and stress free as possible. He handled all details in great care from arranging for viewings, negotiating term and finalizing the paper work. He also went the extra mile to help us tie up loose ends after we have left SG. I highly recommend Jack to anyone in need for a top notch real estate consultant/agent.
WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
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.
