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 |
|---|---|---|---|---|---|---|---|---|---|---|
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 11-15 | 495 | $1,069,000 | $2,159 | $2,159 | Feb 2026 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 01-05 | 495 | $1,020,000 | $2,060 | $2,060 | Jan 2026 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 21-25 | 947 | $1,550,000 | $1,636 | $1,636 | Jul 2025 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 11-15 | 495 | $1,075,000 | $2,171 | $2,171 | May 2025 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 21-25 | 829 | $1,480,000 | $1,786 | $1,786 | Mar 2025 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 21-25 | 495 | $1,230,000 | $2,484 | $2,484 | Jan 2025 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 16-20 | 495 | $1,050,000 | $2,121 | $2,121 | Nov 2024 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 06-10 | 495 | $1,000,000 | $2,020 | $2,020 | Sep 2024 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 21-25 | 829 | $1,500,000 | $1,810 | $1,810 | Apr 2024 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 06-10 | 495 | $1,160,000 | $2,343 | $2,343 | Jan 2024 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 16-20 | 506 | $1,150,000 | $2,273 | $2,273 | Jan 2024 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 06-10 | 506 | $1,100,000 | $2,174 | $2,174 | Nov 2023 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 11-15 | 506 | $1,120,000 | $2,214 | $2,214 | Oct 2023 | Resale |
| DEVONSHIRE RESIDENCES | 9 | CCR | 1 | 16-20 | 506 | $1,120,000 | $2,214 | $2,214 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.