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 |
|---|---|---|---|---|---|---|---|---|---|---|
| D'BANYAN | 27 | OCR | 2* | 01-05 | 829 | $935,000 | $1,128 | $1,187 | Apr 2025 | Resale |
| D'BANYAN | 27 | OCR | 4* | 01-05 | 1,485 | $1,530,000 | $1,030 | $1,084 | Jan 2025 | Resale |
| D'BANYAN | 27 | OCR | 3* | 01-05 | 1,119 | $1,288,888 | $1,151 | $1,212 | Jan 2025 | Resale |
| D'BANYAN | 27 | OCR | 3* | 01-05 | 1,141 | $1,300,000 | $1,139 | $1,199 | Jul 2024 | Resale |
| D'BANYAN | 27 | OCR | 2* | 01-05 | 624 | $788,888 | $1,264 | $1,331 | Sep 2023 | Resale |
| D'BANYAN | 27 | OCR | 3* | 01-05 | 1,098 | $988,000 | $900 | $947 | Sep 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.