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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 RC SUITES | 8 | RCR | 1 | 01-05 | 441 | $735,000 | $1,665 | $1,665 | Dec 2025 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 01-05 | 409 | $800,000 | $1,956 | $1,956 | Nov 2025 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 01-05 | 409 | $730,000 | $1,785 | $1,785 | Oct 2025 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 06-10 | 807 | $1,220,000 | $1,511 | $1,511 | Sep 2025 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 01-05 | 431 | $760,000 | $1,765 | $1,765 | Sep 2025 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 06-10 | 431 | $755,000 | $1,754 | $1,754 | Dec 2024 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 06-10 | 775 | $1,110,000 | $1,432 | $1,432 | Aug 2024 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 01-05 | 452 | $750,000 | $1,659 | $1,659 | Nov 2023 | Resale |
| 28 RC SUITES | 8 | RCR | 1 | 01-05 | 431 | $750,000 | $1,742 | $1,742 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.