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 |
|---|---|---|---|---|---|---|---|---|---|---|
| CLOVER PARK | 20 | RCR | 5* | - | 1,696 | $5,000,000 | $2,947 | $2,947 | Mar 2026 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 1,793 | $5,220,000 | $2,911 | $2,911 | Dec 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 1,695 | $4,475,000 | $2,640 | $2,640 | Sep 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 1,990 | $4,600,000 | $2,311 | $2,311 | Jul 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 3,714 | $6,100,000 | $1,643 | $1,643 | Jul 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 1,680 | $4,708,000 | $2,802 | $2,802 | Jul 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 3,181 | $5,700,000 | $1,792 | $1,792 | Jun 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 3,467 | $6,580,000 | $1,898 | $1,898 | Apr 2025 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 3,562 | $6,000,000 | $1,685 | $1,685 | Jun 2024 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 2,296 | $5,020,000 | $2,186 | $2,186 | Jan 2024 | Resale |
| CLOVER PARK | 20 | RCR | 5* | - | 2,303 | $4,880,000 | $2,119 | $2,119 | Dec 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.