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 |
|---|---|---|---|---|---|---|---|---|---|---|
| GALLOP GABLES | 10 | CCR | 5* | 01-05 | 2,842 | $6,880,000 | $2,421 | $2,421 | Dec 2025 | Resale |
| GALLOP GABLES | 10 | CCR | 4* | 01-05 | 1,550 | $3,050,000 | $1,968 | $1,968 | Aug 2025 | Resale |
| GALLOP GABLES | 10 | CCR | 3 | 01-05 | 1,744 | $4,108,000 | $2,356 | $2,356 | Aug 2025 | Resale |
| GALLOP GABLES | 10 | CCR | 3 | 01-05 | 1,733 | $4,080,000 | $2,354 | $2,354 | May 2025 | Resale |
| GALLOP GABLES | 10 | CCR | 5* | 01-05 | 2,669 | $6,138,000 | $2,299 | $2,299 | Nov 2024 | Resale |
| GALLOP GABLES | 10 | CCR | 4* | 01-05 | 1,550 | $2,980,000 | $1,923 | $1,923 | Sep 2024 | Resale |
| GALLOP GABLES | 10 | CCR | 2 | 01-05 | 1,163 | $2,450,000 | $2,108 | $2,108 | Feb 2024 | Resale |
| GALLOP GABLES | 10 | CCR | 5* | 01-05 | 2,131 | $4,100,000 | $1,924 | $1,924 | Aug 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.