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 |
|---|---|---|---|---|---|---|---|---|---|---|
| MARTIN PLACE RESIDENCES | 9 | CCR | 4 | 16-20 | 2,002 | $5,650,000 | $2,822 | $2,822 | Mar 2026 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 26-30 | 1,722 | $5,168,800 | $3,001 | $3,001 | Feb 2026 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 2 | 11-15 | 1,163 | $3,400,000 | $2,925 | $2,925 | Jan 2026 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 1 | 21-25 | 592 | $1,400,000 | $2,365 | $2,365 | Dec 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 01-05 | 1,421 | $3,830,000 | $2,696 | $2,696 | Nov 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 2 | 11-15 | 1,044 | $2,900,000 | $2,778 | $2,778 | Oct 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 2 | 21-25 | 1,044 | $2,880,000 | $2,758 | $2,758 | Oct 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 2 | 21-25 | 1,044 | $2,915,000 | $2,792 | $2,792 | Aug 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 1 | 21-25 | 592 | $1,390,000 | $2,348 | $2,348 | Aug 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 26-30 | 1,421 | $4,050,000 | $2,850 | $2,850 | Jul 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 4 | 21-25 | 2,002 | $5,350,000 | $2,672 | $2,672 | Mar 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 06-10 | 1,421 | $3,836,700 | $2,700 | $2,700 | Feb 2025 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 2 | 06-10 | 1,044 | $2,730,000 | $2,615 | $2,615 | Oct 2024 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 2 | 01-05 | 1,044 | $2,600,000 | $2,490 | $2,490 | Sep 2024 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 1 | 21-25 | 592 | $1,408,000 | $2,378 | $2,378 | Jul 2024 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 4 | 21-25 | 2,002 | $5,480,000 | $2,737 | $2,737 | Jun 2024 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 26-30 | 1,722 | $4,780,000 | $2,775 | $2,775 | Apr 2024 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 11-15 | 1,421 | $3,635,000 | $2,558 | $2,558 | Dec 2023 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 31-35 | 1,421 | $3,700,000 | $2,604 | $2,604 | Nov 2023 | Resale |
| MARTIN PLACE RESIDENCES | 9 | CCR | 3 | 16-20 | 1,421 | $3,635,000 | $2,558 | $2,558 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.