Properties in Geylang - Historical Price Trends and Future Projections.
Properties in Geylang have long stood out in Singapore’s real estate landscape for their affordability, freehold tenure, and central location. Over the past decade, the district has experienced steady price appreciation — with notable interest from both local and foreign investors. But what does the future hold for property prices in Geylang?
This article explores the historical performance of Geylang’s property market and offers insights into future projections based on current development trends and urban planning initiatives.
Historical Property Price Trends in Geylang
Over the past 10 years, Geylang has undergone a subtle but significant transformation:
In 2015, average property prices in Geylang ranged from $1,100 to $1,400 psf for private condos.
By 2020, prices had climbed to $1,500 to $1,700 psf, driven by boutique developments and increased rental demand.
As of early 2025, the average price for freehold condos in the area is now around $1,800 to $2,000 psf, with some premium units reaching $2,200 psf.
Despite being located in a traditionally “red-light” area, properties in Geylang have outperformed expectations, especially for savvy investors seeking high rental yields and capital gains.
Why Property Prices Are Rising in Geylang
Several factors have contributed to Geylang’s price growth:
Limited freehold land supply in central Singapore
Proximity to the CBD, Paya Lebar Commercial Hub, and key MRT stations (Aljunied, Dakota, and Mountbatten)
The rise of new boutique developments offering modern facilities
Increasing demand from tenants due to accessibility and vibrant lifestyle options
In recent years, urban regeneration and stricter zoning regulations have improved the area's image and infrastructure, further boosting property values.
Future Projections: What’s Next for Properties in Geylang?
Looking ahead, Geylang is poised for continued appreciation, driven by upcoming changes including:
Paya Lebar Airbase Relocation: Expected to lift building height restrictions and trigger a new wave of high-rise development
URA Master Plan enhancements, focused on connectivity, green spaces, and commercial-residential integration
Strong rental demand from young professionals, expats, and students seeking affordable options near the city
Experts forecast that average property prices in Geylang could exceed $2,400 psf by 2030, particularly for new freehold developments close to MRT stations.
For investors, the window to enter at a relatively attractive price point is narrowing as redevelopment gains momentum.
The data is clear: Properties in Geylang have evolved from undervalued to highly sought-after. As Singapore’s eastern region undergoes rapid transformation, Geylang is emerging as a prime location for both residential living and long-term investment.
If you’re considering investing in Geylang, now is the time to explore your options — before prices catch up with the area’s full potential.
