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 |
|---|---|---|---|---|---|---|---|---|---|---|
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,359 | $3,288,000 | $2,419 | $2,419 | Apr 2026 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,356 | $3,250,000 | $2,396 | $2,396 | Mar 2026 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 3* | - | 1,063 | $2,950,000 | $2,774 | $2,774 | Feb 2026 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 3* | - | 989 | $3,820,000 | $3,862 | $3,862 | Feb 2026 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 2* | - | 887 | $2,700,000 | $3,044 | $3,044 | Dec 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 5* | - | 2,043 | $5,100,000 | $2,496 | $2,496 | Dec 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 2* | - | 885 | $3,218,888 | $3,638 | $3,638 | Dec 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 2* | - | 885 | $2,500,000 | $2,826 | $2,826 | Nov 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 2* | - | 886 | $2,450,000 | $2,766 | $2,766 | Oct 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 5* | - | 2,289 | $4,640,000 | $2,027 | $2,027 | Sep 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,352 | $3,750,000 | $2,774 | $2,774 | Sep 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 3* | - | 988 | $2,350,000 | $2,378 | $2,378 | Aug 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,297 | $2,810,000 | $2,166 | $2,166 | Jun 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 3* | - | 971 | $2,690,000 | $2,771 | $2,771 | Jun 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 2* | - | 885 | $2,680,000 | $3,029 | $3,029 | May 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 2* | - | 885 | $3,100,000 | $3,504 | $3,504 | May 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,396 | $3,880,800 | $2,780 | $2,780 | May 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 5* | - | 1,951 | $3,280,000 | $1,681 | $1,681 | May 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,298 | $2,650,000 | $2,041 | $2,041 | Apr 2025 | Resale |
| MACPHERSON GARDEN ESTATE | 13 | RCR | 4* | - | 1,298 | $4,058,888 | $3,127 | $3,127 | Apr 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.