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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EURO-ASIA PARK | 13 | RCR | 4* | 01-05 | 1,367 | $2,260,000 | $1,653 | $1,653 | Feb 2025 | Resale |
| EURO-ASIA PARK | 13 | RCR | 3* | 01-05 | 926 | $1,590,000 | $1,718 | $1,718 | Dec 2024 | Resale |
| EURO-ASIA PARK | 13 | RCR | 2* | 01-05 | 893 | $1,480,000 | $1,657 | $1,657 | Oct 2024 | Resale |
| EURO-ASIA PARK | 13 | RCR | 4* | 01-05 | 1,528 | $2,260,000 | $1,479 | $1,479 | Sep 2024 | Resale |
| EURO-ASIA PARK | 13 | RCR | 5* | 01-05 | 1,701 | $2,500,000 | $1,470 | $1,470 | Feb 2024 | Resale |
| EURO-ASIA PARK | 13 | RCR | 4* | 01-05 | 1,421 | $2,450,000 | $1,724 | $1,724 | Jan 2024 | Resale |
| EURO-ASIA PARK | 13 | RCR | 4* | 01-05 | 1,453 | $2,638,000 | $1,815 | $1,815 | Jan 2024 | Resale |
| EURO-ASIA PARK | 13 | RCR | 4* | 01-05 | 1,550 | $2,500,000 | $1,613 | $1,613 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.