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 WOOD | 21 | OCR | 3 | 01-05 | 1,270 | $1,648,000 | $1,297 | $1,569 | Jan 2026 | Resale |
| LE WOOD | 21 | OCR | 3 | 01-05 | 1,270 | $1,618,000 | $1,274 | $1,541 | Sep 2025 | Resale |
| LE WOOD | 21 | OCR | 3* | 01-05 | 1,109 | $1,290,000 | $1,164 | $1,408 | Oct 2024 | Resale |
| LE WOOD | 21 | OCR | 3 | 01-05 | 1,238 | $1,600,000 | $1,293 | $1,564 | Oct 2024 | Resale |
| LE WOOD | 21 | OCR | 3* | 01-05 | 1,249 | $1,580,000 | $1,265 | $1,531 | May 2024 | Resale |
| LE WOOD | 21 | OCR | 3 | 01-05 | 1,238 | $1,520,000 | $1,228 | $1,486 | May 2024 | Resale |
| LE WOOD | 21 | OCR | 3 | 01-05 | 1,238 | $1,680,000 | $1,357 | $1,642 | Apr 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.