PAYA LEBAR RESIDENCES: Geylang Apartment | Details & Reviews

Name: PAYA LEBAR RESIDENCES
Brand: PAYA LEBAR RESIDENCES
SKU: PAYA LEBAR RESIDENCES
Rating: 3.8 (5 reviews)

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Paya Lebar Residences

Sale Price *

Average

S$ 1,749 psf

Range

S$ 1,632 - 1,811 psf

Rental Price **

Average

S$ 4.2 psf pm

Range

S$ 2.8 - 5.3 psf pm

Rental Yield **

2.9%

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

Amenities

3.8

Convenience

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

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 76.6%, PR 13.1%, Foreigner 9.1%, Company 1.1%.

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.

Based on transaction data in the last 12 months, sale prices range from S$ 1,632 psf to S$ 1,811 psf at an average of S$ 1,749 psf. Its highest recorded transaction was S$ 1,811 psf in Apr 2024 for a 1,281-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 2.9%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Shopping Mall(s): PLQ Mall, Paya Lebar Square, SingPost Centre.

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.

What they say

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"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 | 07 May 2021

"A simple private estate in the busy heartland area."

T***** L** W** C****

Google Review | 24 Feb 2021

"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 | 24 Jun 2019