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 |
|---|---|---|---|---|---|---|---|---|---|---|
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 31-35 | 1,173 | $1,317,000 | $1,123 | $1,709 | Dec 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 11-15 | 1,119 | $1,400,000 | $1,251 | $1,904 | Sep 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 06-10 | 409 | $650,000 | $1,589 | $2,418 | Sep 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 21-25 | 409 | $600,000 | $1,467 | $2,233 | Sep 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 21-25 | 1,119 | $1,450,000 | $1,295 | $1,971 | Jun 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 21-25 | 1,119 | $1,400,000 | $1,251 | $1,904 | Jun 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 31-35 | 1,173 | $1,258,000 | $1,072 | $1,632 | Jun 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 26-30 | 1,119 | $1,380,000 | $1,233 | $1,877 | Jun 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 11-15 | 1,119 | $1,400,000 | $1,251 | $1,904 | May 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 26-30 | 409 | $625,000 | $1,528 | $2,326 | Mar 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 06-10 | 1,119 | $1,338,888 | $1,196 | $1,820 | Mar 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 16-20 | 409 | $580,000 | $1,418 | $2,158 | Mar 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 11-15 | 1,119 | $1,118,888 | $1,000 | $1,522 | Feb 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 21-25 | 1,119 | $1,400,000 | $1,251 | $1,904 | Feb 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 06-10 | 1,119 | $1,285,000 | $1,148 | $1,747 | Jan 2025 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 21-25 | 409 | $700,000 | $1,711 | $2,604 | Dec 2024 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 21-25 | 409 | $590,000 | $1,442 | $2,195 | Nov 2024 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 3* | 21-25 | 1,119 | $1,200,000 | $1,072 | $1,632 | Oct 2024 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 16-20 | 463 | $580,000 | $1,253 | $1,907 | Jul 2024 | Resale |
| PEOPLE'S PARK COMPLEX | 1 | RCR | 1* | 06-10 | 409 | $545,000 | $1,332 | $2,027 | Jun 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.