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 |
|---|---|---|---|---|---|---|---|---|---|---|
| CAVENDISH PARK | 21 | RCR | 2 | 01-05 | 926 | $1,630,000 | $1,761 | $2,250 | Feb 2026 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 06-10 | 1,410 | $2,208,888 | $1,567 | $2,002 | Jan 2026 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 01-05 | 1,227 | $1,790,000 | $1,459 | $1,864 | Jun 2025 | Resale |
| CAVENDISH PARK | 21 | RCR | 5* | 11-15 | 1,959 | $3,450,000 | $1,761 | $2,250 | May 2025 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 11-15 | 1,227 | $1,880,000 | $1,532 | $1,957 | May 2025 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 01-05 | 926 | $1,733,000 | $1,872 | $2,391 | May 2025 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 01-05 | 1,313 | $2,050,000 | $1,561 | $1,994 | Feb 2025 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 01-05 | 958 | $1,675,000 | $1,748 | $2,233 | Dec 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 01-05 | 1,378 | $2,000,000 | $1,452 | $1,855 | Dec 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 06-10 | 1,313 | $1,880,000 | $1,432 | $1,829 | Nov 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 01-05 | 1,270 | $1,943,888 | $1,530 | $1,955 | Sep 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 11-15 | 926 | $1,650,000 | $1,782 | $2,276 | Sep 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 06-10 | 1,410 | $2,070,000 | $1,468 | $1,875 | Jul 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 01-05 | 926 | $1,415,000 | $1,529 | $1,953 | Jul 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 01-05 | 958 | $1,595,000 | $1,665 | $2,127 | Jul 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 01-05 | 1,389 | $1,930,000 | $1,390 | $1,776 | Jun 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 06-10 | 958 | $1,505,000 | $1,571 | $2,007 | May 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 01-05 | 1,227 | $1,780,000 | $1,451 | $1,854 | May 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 2 | 11-15 | 958 | $1,488,888 | $1,554 | $1,985 | Mar 2024 | Resale |
| CAVENDISH PARK | 21 | RCR | 3 | 11-15 | 1,313 | $1,980,000 | $1,508 | $1,926 | Oct 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.