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 |
|---|---|---|---|---|---|---|---|---|---|---|
| LE CONNEY PARK | 15 | OCR | 2 | 01-05 | 829 | $1,370,000 | $1,653 | $1,653 | Mar 2026 | Resale |
| LE CONNEY PARK | 15 | OCR | 2 | 01-05 | 732 | $1,194,000 | $1,631 | $1,631 | Feb 2026 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,227 | $1,775,000 | $1,447 | $1,447 | Oct 2024 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,238 | $1,698,000 | $1,372 | $1,372 | Sep 2024 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,195 | $1,710,000 | $1,431 | $1,431 | Apr 2024 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,195 | $1,738,000 | $1,455 | $1,455 | Apr 2024 | Resale |
| LE CONNEY PARK | 15 | OCR | 3 | 01-05 | 1,292 | $1,810,000 | $1,401 | $1,401 | Apr 2024 | Resale |
| LE CONNEY PARK | 15 | OCR | 3 | 01-05 | 1,206 | $1,700,000 | $1,410 | $1,410 | Jan 2024 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,195 | $1,640,000 | $1,373 | $1,373 | Nov 2023 | Resale |
| LE CONNEY PARK | 15 | OCR | 3 | 01-05 | 1,141 | $1,700,000 | $1,490 | $1,490 | Nov 2023 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,238 | $1,610,000 | $1,301 | $1,301 | Oct 2023 | Resale |
| LE CONNEY PARK | 15 | OCR | 4 | 01-05 | 1,216 | $1,720,000 | $1,414 | $1,414 | Jul 2023 | Resale |
| LE CONNEY PARK | 15 | OCR | 3 | 01-05 | 1,281 | $1,708,000 | $1,333 | $1,333 | Jun 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.