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 |
|---|---|---|---|---|---|---|---|---|---|---|
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 06-10 | 1,421 | $2,560,000 | $1,802 | $1,897 | Feb 2026 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 01-05 | 1,701 | $2,520,000 | $1,482 | $1,560 | Dec 2025 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 06-10 | 1,313 | $2,460,000 | $1,873 | $1,972 | Apr 2025 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 11-15 | 1,389 | $2,538,000 | $1,828 | $1,924 | Apr 2025 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 06-10 | 1,421 | $2,500,000 | $1,760 | $1,853 | Jan 2025 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 06-10 | 1,367 | $2,450,000 | $1,792 | $1,886 | Nov 2024 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 01-05 | 1,367 | $2,350,000 | $1,719 | $1,809 | Jun 2024 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 01-05 | 1,528 | $2,180,000 | $1,426 | $1,501 | Apr 2024 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 11-15 | 1,421 | $2,448,888 | $1,724 | $1,815 | Apr 2024 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 01-05 | 1,367 | $2,250,000 | $1,646 | $1,733 | Jan 2024 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 4 | 06-10 | 1,625 | $2,400,000 | $1,477 | $1,555 | Dec 2023 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 01-05 | 1,701 | $2,468,000 | $1,451 | $1,527 | Nov 2023 | Resale |
| MONTEREY PARK CONDOMINIUM | 5 | OCR | 3 | 06-10 | 1,302 | $2,180,000 | $1,674 | $1,762 | Oct 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.