Last month, a five-room flat was sold for $1.375 mil, setting a new record-high for such flats in Geylang
Last month, a five-room flat along Pine Close was sold for a record-high of $1.375 million. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Last month, a five-room HDB flat at 7 Pine Close was sold for $1.375 million ($1,161 psf), marking a record high for five-room flats in Geylang. The 1,184-sq ft flat is located on the 19th to 21st storeys.
The record-high price paid for the subject flat could be attributed to its close proximity to amenities such as Mountbatten MRT Station, Kallang Estate Fresh Market and Food Centre, and Old Airport Road Food Centre and Shopping Mall (see Map 1). Schools within a 1 km radius include Kong Hwa School, Broadrick Secondary School and Dunman High School (Secondary and Junior College).
Source: EdgeProp LandLens (as at 5 January 2026)
Another contributing factor could be its relatively long remaining lease of approximately 73 years, as the lease of the subject flat commenced in 2000.
Of the 71 five-room flats in Geylang that changed hands last year, only four fetched at least $1.3 million (see Table 1), far surpassing 2024’s top price of $1.15 million ($890 psf), which was paid for a five-room flat at 9 Pine Close.
Source: EdgeProp Buddy (as at 5 January 2026)
A 1,292-sq ft flat at 56 Cassia Crescent fetched the second-highest price of $1.32 million ($1,022 psf) among five-room flats in Geylang. Notably, this flat is a short walk from the subject flat (see Map 2). The lower price paid for the flat along Cassia Crescent could be because it is farther from Mountbatten MRT Station.
Source: EdgeProp LandLens (as at 5 January 2026)
Additionally, the flat along Cassia Crescent has a shorter remaining lease of approximately 71 years, as its lease commenced in 1998.
To learn more about this transaction, and whether it is a good deal, click here.
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