Paya Lebar Residences

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

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Sale Price *

Average
S$ 1,508 psf
Range
S$ 1,508 - 1,508 psf

Rental Price **

Average
S$ 3.1 psf pm
Range
S$ 2.5 - 4.1 psf pm

Rental Yield **

2.5%

Rental income expressed as a percentage of the property's value.

Amenities

4.1
4.1

Convenience

4.2
4.2

Connectivity

Details

No Data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
No Data
Description
Paya Lebar Residences is a freehold apartment completed in 2002. The development occupies a land area of 4,999 sqm and a Gross Floor Area of 13,998 sqm. It consists of 117 units. According to records, buyers of this development are Singaporean 76.0%, PR 13.5%, Foreigner 9.4%, Company 1.2%.

PAYA LEBAR RESIDENCES is located along Paya Lebar Road in Geylang, in District 14. It is accessible through the nearest MRTs including Paya Lebar CC9, EW8 and Aljunied EW9. The nearest schools are CAPELLE ACADEMY and TCM AND HEALTHCARE COLLEGE.

Based on transaction data in the last 12 months, sale prices range from S$ 1,508 psf to S$ 1,508 psf at an average of S$ 1,508 psf. Its highest recorded transaction was S$ 1,508 psf in Sep 2021 for a 947-sqft unit. Its lowest recorded transaction was S$ 394 psf in Oct 2005 for a 1,270-sqft unit. Its current rental yield is at 2.5%.

Other nearby amenities include: 3 Childcare Centre(s): LEARNING VISION @ WORK PTE. LTD., MY WORLD PRESCHOOL LTD., FIRST JUNIOR PRESCHOOL, and 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Kindergarten(s): Bethel Kinderlites, PCF SPARKLETOTS PRESCHOOL @ MACPHERSON Blk 108 (KN), PCF SPARKLETOTS PRESCHOOL @ MACPHERSON Blk 54 (KN), and 3 Shopping Mall(s): TANJONG KATONG COMPLEX, CITY PLAZA, JOO CHIAT COMPLEX.

Buyers and tenants are attracted to District 14, which covers Eunos, Geylang, Kembangan and Paya Lebar. It is one of the most historically and culturally rich zones. These areas comprise predominantly HDB flats, private non-landed homes and shophouses. Eunos, Kembangan and Aljunied MRT stations serves the district via East-West Line, while Paya Lebar MRT station is the interchange station of East-West Line and Circle-Line. Geylang is one of Singapore's Malay settlements, and is known for its rich Malay heritage. Visitors to Geylang Serai can enjoy the sights of Ramadan lights and various foods at the bazaar during Ramadan. The neighbourhood is also home to many shophouses and a rich nightlife scene. Major shopping malls in this district are Paya Lebar Square and Kallang Wave Mall, which offer a variety of retail and dining options. Separately, Paya Lebar is envisaged to be a new sub-regional centre with industrial, technological and commercial developments.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
Live Here? Tell us more
Write a review
1
"On the 7th May 2021, 2pm, my friend was visiting me. I told my friend to wait for me at the entrance. So he did. The guard saw him but did not ask him to sign in. Then I went to pick him up and we went in together. Again, the guard said nothing but just stare at him rudely. At about 4.20pm, he left and the guard suddenly confronted him at the gate and scolded him loudly and with bad languages. The guard even pulled down his mask while scolding my friend, flouting Covid 19 rules and our countrys laws. Then the guard threatened my friend that if my friend were to come in without signing in again, he will take a picture of him. Even after my friend walked to the main road, the guard still stared at him. The guard is at fault for not doing his duties well and then tried to blame my friend for it with anger and bad attitude and even intimidation. Now my friend is scared and does not want to visit me at this condo again. I am very annoyed by the calibre and attitude and quality of the guard. I hope that the management do something about it. I find this guard very unreasonable and fault finding and is affecting the residents living here."
K* Q***
Google Review     |   08 May 2021
5
"A simple private estate in the busy heartland area."
T***** L** W** C****
Google Review     |   24 Feb 2021
5
"This is a very good condominium super close to Paya Lebar MRT station. Conveniently located near three malls, Paya Lebar Square, Singpost Centre and OneKM (now Kinex), it is a great place to be living at. The views from the apartments are also nice and the rooms are big and spacious. It has a gym which is a bit old and a swimming pool, which is not very big. But overall it's a very good residence to live at whether youre working in CBD or in the east."
S***** N****
Google Review     |   25 Jun 2019
4
"Very convenient place close to mrt paya lebar station."
J***
Google Review     |   27 Oct 2018
4
"Old but quiet residence with a pool, BBQ pits & very old gym"
A***** J***
Google Review     |   07 Aug 2017
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Floor Plans
27
2
3

PAYA LEBAR RESIDENCES - 27 - 2 - 3

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
No Data
Unit Mix
Bedroom Type
2BR
Area
872 - 1087 sqft
No. of Units
44
Bedroom Type
3BR
Area
1259 - 1302 sqft
No. of Units
73

Sales Transaction of PAYA LEBAR RESIDENCES (Limited to 10)

Unit Search
#
There are 157 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Date
Area(sqft)
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of PAYA LEBAR RESIDENCES
There are 367 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
800 to 900
2,667
3
-
-
-
900 to 1000
3,450
2
-
-
-
1000 to 1100
3,800
1
-
-
-
1200 to 1300
3,917
6
-
-
-
1300 to 1400
3,800
1
-
-
-
Historical Quarterly Rental
Note: 25% of the tenant population paid below Rental 25th, 50% paid below the Median Rental and 75% paid below Rental 75th. Data are only available if there are more than 10 contracts signed in any quarter.

Graph Data

Table Data

PeriodRental 25th (S$ psf pm)Median Rental (S$ psf pm)Rental 75th (S$ psf pm)Contacts Signed
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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On JUL 2019
Former Leshan Gardens
Site Use
Residential
Tenure
99
Plot Ratio
2.8
Site Area (sqm)
1,525
Site GFA (sqm)
4,269
Highest Bid ($M)
26.3
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
26.3
Construction ($M)
15.2
Land Financing ($M)
2.3
Profesional / Legal / Taxes ($M)
5
Marketing / Others ($M)
2.9
Estimated Total Cost ($M)
51.64
Estimated Breakeven ($psf ppr)
1,124
Sold On JAN 1970
Haig Lane
Site Use
Residential
Tenure
fh
Plot Ratio
1.4
Site Area (sqm)
2,328
Site GFA (sqm)
3,259
Highest Bid ($M)
32.8
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
32.8
Construction ($M)
10.5
Land Financing ($M)
2.3
Profesional / Legal / Taxes ($M)
3.2
Marketing / Others ($M)
2.9
Estimated Total Cost ($M)
51.78
Estimated Breakeven ($psf ppr)
1,476
Sold On NOV 2021
Thiam Siew Avenue (En Bloc)
Site Use
Residential
Tenure
fh
Plot Ratio
2.8
Site Area (sqm)
24,507
Site GFA (sqm)
68,621
Highest Bid ($M)
1099.0
Highest Bid ($PSF)
1488
Number of BIDS
-
Land ($M)
1099
Construction ($M)
243.8
Land Financing ($M)
96.2
Profesional / Legal / Taxes ($M)
161.1
Marketing / Others ($M)
96
Estimated Total Cost ($M)
1,696.05
Estimated Breakeven ($psf ppr)
2,296

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FAQs about PAYA LEBAR RESIDENCES

What is the nearest MRT Station to PAYA LEBAR RESIDENCES ?
The nearest MRT Station from PAYA LEBAR RESIDENCES is Paya Lebar CC9, EW8 MRT