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 |
|---|---|---|---|---|---|---|---|---|---|---|
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 452 | $1,527,000 | $3,378 | $3,556 | Dec 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 01-05 | 452 | $1,371,000 | $3,033 | $3,193 | Nov 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 452 | $1,497,000 | $3,311 | $3,485 | Nov 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 1 | 01-05 | 431 | $1,298,000 | $3,015 | $3,174 | Oct 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 3 | 06-10 | 753 | $2,180,000 | $2,893 | $3,045 | Oct 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 1 | 06-10 | 431 | $1,408,000 | $3,270 | $3,442 | Sep 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 1 | 06-10 | 431 | $1,393,000 | $3,235 | $3,405 | Sep 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 452 | $1,540,000 | $3,406 | $3,585 | Sep 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $2,050,000 | $3,284 | $3,457 | Aug 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 3 | 01-05 | 753 | $2,195,000 | $2,913 | $3,066 | Aug 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 01-05 | 624 | $1,830,000 | $2,931 | $3,085 | Aug 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 1 | 06-10 | 431 | $1,400,000 | $3,252 | $3,423 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $1,920,000 | $3,075 | $3,237 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 1 | 06-10 | 431 | $1,396,000 | $3,242 | $3,413 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $1,823,000 | $2,920 | $3,074 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $1,938,000 | $3,104 | $3,267 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $1,847,000 | $2,958 | $3,114 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $1,916,000 | $3,069 | $3,231 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 2 | 06-10 | 624 | $1,877,000 | $3,007 | $3,165 | Jul 2025 | New Sale |
| HILL HOUSE | 9 | CCR | 3 | 06-10 | 753 | $2,210,000 | $2,933 | $3,087 | Jul 2025 | New Sale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.