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 |
|---|---|---|---|---|---|---|---|---|---|---|
| CANAAN | 14 | RCR | 2* | 01-05 | 775 | $1,410,503 | $1,820 | $1,820 | Oct 2024 | Resale |
| CANAAN | 14 | RCR | 3* | 01-05 | 947 | $1,657,643 | $1,750 | $1,750 | Oct 2024 | Resale |
| CANAAN | 14 | RCR | 4* | 01-05 | 1,281 | $1,998,213 | $1,560 | $1,560 | Oct 2024 | Resale |
| CANAAN | 14 | RCR | 2* | 01-05 | 775 | $1,441,503 | $1,860 | $1,860 | Sep 2024 | Resale |
| CANAAN | 14 | RCR | 2* | 01-05 | 775 | $1,426,003 | $1,840 | $1,840 | Sep 2024 | Resale |
| CANAAN | 14 | RCR | 3* | 01-05 | 1,163 | $1,860,004 | $1,600 | $1,600 | Jul 2024 | Resale |
| CANAAN | 14 | RCR | 3* | 01-05 | 947 | $1,619,754 | $1,710 | $1,710 | Jul 2024 | Resale |
| CANAAN | 14 | RCR | 3* | 01-05 | 947 | $1,638,698 | $1,730 | $1,730 | Jul 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.