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 |
|---|---|---|---|---|---|---|---|---|---|---|
| LAVENDER RESIDENCE | 12 | RCR | 3* | 01-05 | 990 | $1,610,000 | $1,626 | $1,626 | Nov 2024 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 1* | 01-05 | 581 | $1,205,820 | $2,075 | $2,075 | May 2024 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 2* | 01-05 | 624 | $1,440,000 | $2,307 | $2,307 | Apr 2024 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 1* | 01-05 | 592 | $1,155,000 | $1,951 | $1,951 | Apr 2024 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 2* | 01-05 | 624 | $1,400,000 | $2,242 | $2,242 | Apr 2024 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 3* | 01-05 | 915 | $1,913,000 | $2,091 | $2,091 | Jan 2024 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 2* | 01-05 | 883 | $1,636,000 | $1,854 | $1,854 | Dec 2023 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 3* | 01-05 | 1,023 | $1,895,000 | $1,853 | $1,853 | Nov 2023 | New Sale |
| LAVENDER RESIDENCE | 12 | RCR | 3* | 01-05 | 915 | $1,960,000 | $2,142 | $2,142 | Nov 2023 | New Sale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.