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 |
|---|---|---|---|---|---|---|---|---|---|---|
| J@63 | 15 | OCR | 3* | 01-05 | 1,044 | $1,900,000 | $1,820 | $1,820 | Apr 2026 | Sub Sale |
| J@63 | 15 | OCR | 4* | 01-05 | 1,432 | $2,515,000 | $1,757 | $1,757 | Dec 2025 | Sub Sale |
| J@63 | 15 | OCR | 4* | 01-05 | 1,335 | $2,360,888 | $1,769 | $1,769 | Jun 2025 | Sub Sale |
| J@63 | 15 | OCR | 3* | 01-05 | 1,076 | $2,040,000 | $1,895 | $1,895 | Oct 2024 | Sub Sale |
| J@63 | 15 | OCR | 4* | 01-05 | 1,270 | $2,360,000 | $1,858 | $1,858 | Aug 2024 | Sub Sale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.