{"id":74655,"date":"2024-05-10T15:27:26","date_gmt":"2024-05-10T07:27:26","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=74655"},"modified":"2024-05-13T11:11:30","modified_gmt":"2024-05-13T03:11:30","slug":"geylang-exe-hdb-ath-may-2024","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/geylang-exe-hdb-ath-may-2024\/","title":{"rendered":"Highest EXE unit sold in Geylang, Just S$20K behind current area ATH"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p>An Executive (EXE) apartment at Block 133, Geylang East Ave 1 was recently sold for S$1,088,888. This sale came close to the national all-time high (ATH) for HDB resale flats in Geylang, trailing by just S$20,000.<\/p>\r\n\r\n\r\n\r\n<p>The transaction highlights the strong demand and increasing values of Singapore&#8217;s HDB resale market and sets a new benchmark for the Geylang area.<\/p>\r\n\r\n\r\n<p style=\"border: 0.8px solid #808080; font-size: 17px; padding: 15px; text-align: left;\"><i>But first, read about million-dollar HDB resales: <a href=\"\/\/www.99.co\/singapore\/insider\/million-dollar-4-room-hdb-resale-flats-what-where-why-and-when\/\" target=\"_blank\" rel=\"noopener\">Million-dollar 4-room HDB resale flats: What, Where, Why and When? <\/a><\/i><\/p>\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h3 id=\"h-about-block-133-geylang-east-ave-1\" class=\"wp-block-heading\">About Block 133 Geylang East Ave 1<\/h3>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"634\" class=\"wp-image-74660\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/block133geylangeastave1googlemaps.jpg\" alt=\"block 133 geylang east ave 1 - geylang exe hdb ath may 2024\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/block133geylangeastave1googlemaps.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/block133geylangeastave1googlemaps-150x79.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\r\n<figcaption class=\"wp-element-caption\">Block 133 Geylang East Ave 1 from street level. Image credit: Google Maps.<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n<p>Block 133 Geylang East Avenue 1 is an HDB Block located in Geylang HDB Estate. It was completed in 1987 and comprises a total of 95 units. This HDB Block has a leasehold of 99 years and the MOP year is 1992.<\/p>\r\n\r\n\r\n\r\n<p>It is located within walking distance of MRT stations such as Aljunied (EW9) and Paya Lebar (CC9), which are a 5-minute walk (440m) and 10-minute walk (700m), respectively.<\/p>\r\n\r\n\r\n\r\n<p>Block 133 Geylang East Avenue 1 is close to schools like Geylang Methodist Primary and Secondary Schools. Parents who prefer international education for their children can consider sending them to the nearby Nexus International School.<\/p>\r\n\r\n\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=geylang-exe-hdb-ath-may-2024\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\n\r\n\r\n\r\n<p>For outdoor activities, residents can visit nearby parks like Geylang East Park and Aljunied Park. The block is also close to supermarkets like Sheng Siong Supermarket, FairPrice Aljunied Ave 2, FairPrice Finest Paya Lebar Quarter, and Sidvin Supermarket for their grocery and daily needs.<\/p>\r\n\r\n\r\n\r\n<p>For medical assistance, NHGP Geylang Polyclinic is conveniently located nearby, and Parkway East Hospital is just an 11-minute drive away.<\/p>\r\n<p>Fortunately, Block 133 Geylang East Ave 1 is near several shopping malls, such as City Plaza, KINEX, PLQ Mall, Paya Lebar Square, SingPost Centre, and Joo Chiat Complex, for leisure, entertainment, and dining.<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-transaction-details\" class=\"wp-block-heading\">Transaction details<\/h2>\r\n\r\n\r\n\r\n<p>On 1 May 2024, the transaction for the EXE flat was registered at a sale price that matches the highest ever recorded in Geylang, with only a slight difference of approximately S$20,000 from the area record.<\/p>\r\n\r\n\r\n\r\n<p>We can also look at Block 133&#8217;s transactions over the years in the graph below:<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"838\" class=\"wp-image-74662\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/alltransactionsblock133geylangeastave1.png\" alt=\"allt transactions geylang east ave 1 - geylang exe hdb ath may 2024\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/alltransactionsblock133geylangeastave1.png 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/alltransactionsblock133geylangeastave1-150x105.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\r\n<figcaption class=\"wp-element-caption\">There were multiple upticks in price but a somewhat stagnancy in transacted volumes.<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n<p>This indicates a significant appreciation in value and the high desirability of larger units in well-favoured locales. The resale price at which this flat has changed hands sets a new standard for similar properties in the region, highlighting the potential for investment in the area.<\/p>\r\n\r\n\r\n<p style=\"border: 0.8px solid #808080; font-size: 17px; padding: 15px; text-align: left;\"><i>Read about another Geylang ATH: <a href=\"https:\/\/www.99.co\/singapore\/insider\/no-27-geylang-lorong-32\/\" target=\"_blank\" rel=\"noopener\">S$12.25M purchase of No. 27 Geylang Lorong 32 by Primest Land V1 Pte Ltd <\/a><\/i><\/p>\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h2 id=\"h-historical-context\" class=\"wp-block-heading\">Historical context<\/h2>\r\n\r\n\r\n\r\n<p>Historically, the resale prices for EXE flats have\u00a0shown considerable growth, with peaks corresponding to general market highs and lows. We can take a look at the graph below to see the trend:<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"843\" class=\"wp-image-74663\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/allhdbexetransactions.png\" alt=\"all hdb exe transactions - geylang exe hdb ath may 2024\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/allhdbexetransactions.png 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/allhdbexetransactions-150x105.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\r\n<figcaption class=\"wp-element-caption\">Albeit a slowdown of volumes, the price trend climbed since 2019.<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n<p>The current ATH for such units\u00a0stands as\u00a0a milestone that underscores the long-term value growth in Singapore&#8217;s public housing sector.<\/p>\r\n\r\n\r\n\r\n<p>For Geylang,\u00a0this transaction marks a record, equalling the highest prices ever achieved in the town and providing a clear indicator of the area&#8217;s rising property value. We can see the reflection of the demand and rising property value via the graph below:<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"850\" class=\"wp-image-74664\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/allgeylanghdbtransactions.png\" alt=\"all of geylang hdb transactions - geylang exe hdb ath may 2024\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/allgeylanghdbtransactions.png 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/allgeylanghdbtransactions-150x106.png 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\r\n<figcaption class=\"wp-element-caption\">A steady climb in pricing but a recent fall in volumes for all of Geylang HDB transactions since 2009.<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<h4 id=\"h-conclusion\" class=\"wp-block-heading\">Conclusion<\/h4>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"626\" class=\"wp-image-74665\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/block133geylangeastave1googlemaps1.jpg\" alt=\"block 133 geylang east ave 1 alt view - geylang exe hdb ath may 2024\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/block133geylangeastave1googlemaps1.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/05\/block133geylangeastave1googlemaps1-150x78.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\r\n<figcaption class=\"wp-element-caption\">Could we soon see another record-breaking ATH from Block 133? Time will tell.<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n<p>The sale of the EXE unit at Block 133, Geylang East Ave 1, is more than just a transaction. It&#8217;s a marker of market maturation and a beacon for potential investors and homebuyers eyeing Geylang.<\/p>\r\n\r\n\r\n\r\n<p>As Singapore&#8217;s HDB market continues to evolve, understanding these trends will be crucial for anyone\u00a0looking to navigate\u00a0this complex and competitive landscape.<\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<p><strong>Disclaimer<\/strong>:\u00a0<em>This information is intended solely for general informational purposes.\u00a0<a href=\"http:\/\/99.co\/\" target=\"_blank\" rel=\"noreferrer noopener\">99.co<\/a>\u00a0makes no claims or guarantees regarding the accuracy, completeness, or suitability of the information, including, but not limited to, any assertion or assurance regarding its appropriateness for any specific purpose, to the maximum extent allowed by law. Despite all efforts to ensure that the information presented in this article is current, reliable, and comprehensive at the time of publication, it should not be used as the sole basis for making financial, investment, real estate, or legal decisions. Furthermore, this information is not a replacement for professional advice tailored to your unique personal circumstances, and we disclaim any responsibility for decisions made using this information.<\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>","protected":false},"excerpt":{"rendered":"<p>An Executive (EXE) apartment at Block 133, Geylang East Ave 1 was recently sold for S$1,088,888. This sale came close to the national all-time high (ATH) for HDB resale flats in Geylang, trailing by just S$20,000. The transaction highlights the strong demand and increasing values of Singapore&#8217;s HDB resale market and sets a new benchmark&hellip;<\/p>\n","protected":false},"author":143,"featured_media":74665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"7935,68111,11302,69372,13123,7929","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53631,53643,57131],"tags":[58805,53636,58799,58803,58801,58800,58804,58802,53644,58769],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","24":"entry","25":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Geylang EXE unit sold for S$1,088,888, S$20K short of area ATH<\/title>\n<meta name=\"description\" content=\"An Executive HDB unit was sold for S$1,088,888 in Block 133 Geylang East Ave 1, short of beating the area&#039;s ATH. 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