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 |
|---|---|---|---|---|---|---|---|---|---|---|
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 01-05 | 764 | $1,375,000 | $1,799 | $1,799 | Jan 2026 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 3 | 01-05 | 1,561 | $3,000,000 | $1,922 | $1,922 | Dec 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 01-05 | 700 | $1,380,000 | $1,972 | $1,972 | Dec 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 3* | 01-05 | 990 | $1,950,000 | $1,969 | $1,969 | Sep 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 06-10 | 861 | $1,880,000 | $2,183 | $2,183 | Aug 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 06-10 | 861 | $1,800,000 | $2,090 | $2,090 | May 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 06-10 | 893 | $1,888,888 | $2,114 | $2,114 | Mar 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 06-10 | 893 | $1,800,000 | $2,015 | $2,015 | Mar 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 3* | 01-05 | 915 | $1,820,000 | $1,989 | $1,989 | Mar 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2 | 01-05 | 732 | $1,200,000 | $1,639 | $1,639 | Feb 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2 | 01-05 | 1,001 | $1,888,000 | $1,886 | $1,886 | Jan 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 06-10 | 893 | $1,850,000 | $2,071 | $2,071 | Jan 2025 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2 | 01-05 | 936 | $1,868,000 | $1,995 | $1,995 | Nov 2024 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 01-05 | 850 | $1,680,000 | $1,976 | $1,976 | Jul 2024 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2 | 01-05 | 947 | $1,938,000 | $2,046 | $2,046 | Jun 2024 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 4* | 06-10 | 1,453 | $2,730,000 | $1,879 | $1,879 | Apr 2024 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2* | 01-05 | 893 | $1,720,000 | $1,925 | $1,925 | Dec 2023 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2 | 01-05 | 947 | $1,855,000 | $1,958 | $1,958 | Nov 2023 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 2 | 01-05 | 936 | $1,825,000 | $1,949 | $1,949 | Sep 2023 | Resale |
| NINETEEN SHELFORD ROAD | 11 | CCR | 5* | 01-05 | 1,765 | $3,100,000 | $1,756 | $1,756 | Aug 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.