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 |
|---|---|---|---|---|---|---|---|---|---|---|
| CHARLTON 27 | 19 | OCR | 5* | - | 5,952 | $4,398,000 | $739 | $739 | Apr 2026 | Resale |
| CHARLTON 27 | 19 | OCR | 5* | - | 4,758 | $3,968,000 | $834 | $834 | Apr 2026 | Resale |
| CHARLTON 27 | 19 | OCR | 5* | - | 5,952 | $4,380,000 | $736 | $736 | Jul 2025 | Resale |
| CHARLTON 27 | 19 | OCR | 5* | - | 4,758 | $3,700,000 | $778 | $778 | Mar 2025 | Resale |
| CHARLTON 27 | 19 | OCR | 5* | - | 5,952 | $4,180,000 | $702 | $702 | Dec 2024 | Resale |
| CHARLTON 27 | 19 | OCR | 5* | - | 4,876 | $3,760,000 | $771 | $771 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.