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 |
|---|---|---|---|---|---|---|---|---|---|---|
| GRAMERCY PARK | 10 | CCR | 3 | 21-25 | 2,153 | $5,200,000 | $2,415 | $2,415 | Jan 2026 | Resale |
| GRAMERCY PARK | 10 | CCR | 3 | 21-25 | 1,948 | $5,700,000 | $2,926 | $2,926 | Aug 2025 | Resale |
| GRAMERCY PARK | 10 | CCR | 4 | 11-15 | 2,680 | $7,500,000 | $2,798 | $2,798 | Jun 2025 | Resale |
| GRAMERCY PARK | 10 | CCR | 3 | 11-15 | 1,981 | $5,650,000 | $2,853 | $2,853 | Apr 2025 | Resale |
| GRAMERCY PARK | 10 | CCR | 4 | 11-15 | 2,691 | $7,500,000 | $2,787 | $2,787 | Mar 2025 | Resale |
| GRAMERCY PARK | 10 | CCR | 2 | 11-15 | 1,270 | $3,630,000 | $2,858 | $2,858 | Nov 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.