About this number
Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.
Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.
A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).
Source: Singapore Land Authority differential premium reference (Bala's Table).
Transaction prices per square foot
| Project | Dist | Region | Bed | Floor | Area | Price | PSF | 99yr Norm | Date | Type |
|---|---|---|---|---|---|---|---|---|---|---|
| 1919 | 9 | CCR | 1 | 01-05 | 775 | $1,370,000 | $1,768 | $1,768 | Dec 2025 | Resale |
| 1919 | 9 | CCR | 2 | 01-05 | 700 | $1,535,000 | $2,194 | $2,194 | Oct 2025 | Resale |
| 1919 | 9 | CCR | 2 | 01-05 | 786 | $1,750,000 | $2,227 | $2,227 | Aug 2025 | Resale |
| 1919 | 9 | CCR | 2 | 01-05 | 861 | $2,200,000 | $2,555 | $2,555 | Jun 2025 | Resale |
| 1919 | 9 | CCR | 1 | 01-05 | 635 | $1,190,000 | $1,874 | $1,874 | Apr 2025 | Resale |
| 1919 | 9 | CCR | 2 | 01-05 | 818 | $2,000,000 | $2,445 | $2,445 | Nov 2024 | Resale |
| 1919 | 9 | CCR | 1 | 01-05 | 678 | $1,470,000 | $2,168 | $2,168 | Aug 2023 | Resale |
| 1919 | 9 | CCR | 1 | 01-05 | 560 | $1,278,000 | $2,283 | $2,283 | Aug 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.