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 |
|---|---|---|---|---|---|---|---|---|---|---|
| HUME PARK II | 21 | OCR | 2 | 01-05 | 958 | $1,730,000 | $1,806 | $1,806 | Feb 2026 | Resale |
| HUME PARK II | 21 | OCR | 4 | 01-05 | 1,722 | $2,990,000 | $1,736 | $1,736 | Dec 2025 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,249 | $2,078,888 | $1,665 | $1,665 | Sep 2025 | Resale |
| HUME PARK II | 21 | OCR | 2 | 06-10 | 1,023 | $1,815,000 | $1,775 | $1,775 | Sep 2025 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,475 | $2,550,000 | $1,729 | $1,729 | Sep 2024 | Resale |
| HUME PARK II | 21 | OCR | 2 | 06-10 | 969 | $1,718,888 | $1,774 | $1,774 | Jul 2024 | Resale |
| HUME PARK II | 21 | OCR | 3 | 01-05 | 1,238 | $1,990,000 | $1,608 | $1,608 | Jun 2024 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,249 | $1,888,800 | $1,513 | $1,513 | Jun 2024 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,249 | $1,980,000 | $1,586 | $1,586 | Jun 2024 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,475 | $2,418,888 | $1,640 | $1,640 | Dec 2023 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,249 | $1,960,000 | $1,570 | $1,570 | Nov 2023 | Resale |
| HUME PARK II | 21 | OCR | 3 | 06-10 | 1,475 | $2,450,000 | $1,661 | $1,661 | Nov 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.