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 |
|---|---|---|---|---|---|---|---|---|---|---|
| MONT TIMAH | 21 | OCR | 5* | - | 4,564 | $4,288,000 | $940 | $1,106 | Feb 2026 | Resale |
| MONT TIMAH | 21 | OCR | 5* | - | 4,628 | $4,288,888 | $927 | $1,090 | Oct 2025 | Resale |
| MONT TIMAH | 21 | OCR | 5* | - | 4,628 | $4,038,000 | $872 | $1,026 | Jul 2025 | Resale |
| MONT TIMAH | 21 | OCR | 5* | - | 4,693 | $4,068,000 | $867 | $1,020 | Oct 2024 | Resale |
| MONT TIMAH | 21 | OCR | 5* | - | 4,413 | $3,750,000 | $850 | $1,000 | Jul 2024 | Resale |
| MONT TIMAH | 21 | OCR | 5* | - | 4,413 | $3,800,000 | $861 | $1,013 | Jun 2024 | Resale |
| MONT TIMAH | 21 | OCR | 5* | - | 4,564 | $3,980,000 | $872 | $1,026 | Nov 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.