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 |
|---|---|---|---|---|---|---|---|---|---|---|
| HALLMARK RESIDENCES | 10 | CCR | 4 | 01-05 | 1,851 | $4,130,000 | $2,231 | $2,231 | Dec 2025 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 4 | 11-15 | 2,960 | $4,860,000 | $1,642 | $1,642 | Oct 2025 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 4 | 11-15 | 2,788 | $5,000,000 | $1,793 | $1,793 | Jul 2025 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 4 | 01-05 | 1,862 | $4,030,000 | $2,164 | $2,164 | May 2025 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 5* | 11-15 | 3,692 | $5,400,000 | $1,463 | $1,463 | Mar 2025 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 3 | 01-05 | 1,485 | $3,370,000 | $2,269 | $2,269 | Dec 2024 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 3 | 01-05 | 1,485 | $3,368,000 | $2,267 | $2,267 | Aug 2024 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 2 | 01-05 | 969 | $2,228,000 | $2,300 | $2,300 | Jun 2024 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 3 | 06-10 | 1,518 | $3,300,000 | $2,174 | $2,174 | Jan 2024 | Resale |
| HALLMARK RESIDENCES | 10 | CCR | 2 | 06-10 | 969 | $2,320,000 | $2,395 | $2,395 | Oct 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.