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 |
|---|---|---|---|---|---|---|---|---|---|---|
| ARDMORE THREE | 10 | CCR | 3 | 16-20 | 1,787 | $5,620,000 | $3,145 | $3,145 | Apr 2026 | Resale |
| ARDMORE THREE | 10 | CCR | 3 | 31-35 | 1,787 | $6,050,000 | $3,386 | $3,386 | Mar 2026 | Resale |
| ARDMORE THREE | 10 | CCR | 3 | 31-35 | 1,744 | $6,280,000 | $3,601 | $3,601 | Feb 2026 | Resale |
| ARDMORE THREE | 10 | CCR | 3 | 21-25 | 1,787 | $6,000,000 | $3,358 | $3,358 | Oct 2025 | Resale |
| ARDMORE THREE | 10 | CCR | 3 | 31-35 | 1,744 | $6,150,000 | $3,527 | $3,527 | Jul 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.