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 |
|---|---|---|---|---|---|---|---|---|---|---|
| LAUREL TREE | 23 | OCR | 1* | 01-05 | 463 | $720,000 | $1,556 | $1,556 | Jul 2025 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 06-10 | 463 | $745,000 | $1,610 | $1,610 | Jul 2025 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 01-05 | 463 | $690,000 | $1,491 | $1,491 | Apr 2025 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 06-10 | 463 | $713,000 | $1,540 | $1,540 | Apr 2024 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 06-10 | 463 | $745,000 | $1,610 | $1,610 | Feb 2024 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 01-05 | 463 | $720,000 | $1,556 | $1,556 | Jan 2024 | Resale |
| LAUREL TREE | 23 | OCR | 2* | 06-10 | 872 | $840,000 | $963 | $963 | Jan 2024 | Resale |
| LAUREL TREE | 23 | OCR | 2* | 06-10 | 872 | $808,000 | $927 | $927 | Dec 2023 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 01-05 | 463 | $726,888 | $1,570 | $1,570 | Dec 2023 | Resale |
| LAUREL TREE | 23 | OCR | 2* | 06-10 | 872 | $800,000 | $918 | $918 | Nov 2023 | Resale |
| LAUREL TREE | 23 | OCR | 2* | 06-10 | 861 | $860,000 | $999 | $999 | Sep 2023 | Resale |
| LAUREL TREE | 23 | OCR | 2* | 06-10 | 807 | $848,000 | $1,050 | $1,050 | Aug 2023 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 06-10 | 463 | $738,000 | $1,594 | $1,594 | Jul 2023 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 06-10 | 463 | $728,000 | $1,573 | $1,573 | Jul 2023 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 01-05 | 463 | $720,000 | $1,556 | $1,556 | Jun 2023 | Resale |
| LAUREL TREE | 23 | OCR | 2* | 06-10 | 861 | $870,000 | $1,010 | $1,010 | Jun 2023 | Resale |
| LAUREL TREE | 23 | OCR | 1* | 01-05 | 463 | $695,000 | $1,502 | $1,502 | Jun 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.