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 |
|---|---|---|---|---|---|---|---|---|---|---|
| M66 | 12 | RCR | 3 | 01-05 | 1,539 | $2,030,000 | $1,319 | $1,319 | Sep 2025 | Resale |
| M66 | 12 | RCR | 2 | 01-05 | 1,356 | $1,520,000 | $1,121 | $1,121 | Jul 2025 | Resale |
| M66 | 12 | RCR | 1 | 01-05 | 517 | $805,000 | $1,558 | $1,558 | Jun 2025 | Resale |
| M66 | 12 | RCR | 2 | 01-05 | 1,130 | $1,530,000 | $1,354 | $1,354 | Mar 2025 | Resale |
| M66 | 12 | RCR | 2 | 01-05 | 624 | $990,000 | $1,586 | $1,586 | Nov 2024 | Resale |
| M66 | 12 | RCR | 2 | 01-05 | 1,098 | $1,550,000 | $1,412 | $1,412 | Sep 2024 | Resale |
| M66 | 12 | RCR | 2 | 01-05 | 1,270 | $1,510,000 | $1,189 | $1,189 | May 2024 | Resale |
| M66 | 12 | RCR | 1 | 01-05 | 463 | $690,000 | $1,491 | $1,491 | Aug 2023 | Resale |
| M66 | 12 | RCR | 2 | 01-05 | 1,130 | $1,356,000 | $1,200 | $1,200 | Aug 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.