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 |
|---|---|---|---|---|---|---|---|---|---|---|
| CRAIG PLACE | 2 | RCR | 2 | 11-15 | 732 | $1,580,000 | $2,159 | $2,643 | Oct 2025 | Resale |
| CRAIG PLACE | 2 | RCR | 1 | 06-10 | 570 | $1,080,000 | $1,893 | $2,317 | Jul 2025 | Resale |
| CRAIG PLACE | 2 | RCR | 2 | 11-15 | 732 | $1,450,000 | $1,981 | $2,425 | Dec 2024 | Resale |
| CRAIG PLACE | 2 | RCR | 1 | 06-10 | 570 | $1,080,000 | $1,893 | $2,317 | May 2024 | Resale |
| CRAIG PLACE | 2 | RCR | 1 | 06-10 | 560 | $1,056,000 | $1,887 | $2,310 | Apr 2024 | Resale |
| CRAIG PLACE | 2 | RCR | 1 | 11-15 | 560 | $1,020,000 | $1,822 | $2,230 | Mar 2024 | Resale |
| CRAIG PLACE | 2 | RCR | 1 | 06-10 | 560 | $1,388,800 | $2,481 | $3,037 | Nov 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.