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 |
|---|---|---|---|---|---|---|---|---|---|---|
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,691 | $2,250,000 | $836 | $994 | Mar 2026 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,014 | $2,408,888 | $799 | $950 | Feb 2026 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,906 | $2,340,000 | $805 | $957 | Feb 2026 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,745 | $2,000,000 | $729 | $867 | Jan 2026 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,014 | $2,300,000 | $763 | $908 | Jul 2025 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,906 | $2,325,000 | $800 | $952 | Mar 2025 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,906 | $2,350,000 | $809 | $962 | Feb 2025 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,766 | $2,250,000 | $813 | $967 | Feb 2025 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,014 | $2,298,000 | $762 | $906 | Oct 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,014 | $2,300,000 | $763 | $908 | Oct 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,895 | $2,250,000 | $777 | $924 | Sep 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,906 | $2,350,000 | $809 | $962 | Sep 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,982 | $2,188,000 | $734 | $873 | Sep 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,014 | $2,275,000 | $755 | $898 | Aug 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,906 | $2,330,000 | $802 | $954 | Jul 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,734 | $2,208,000 | $808 | $961 | Jun 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,132 | $2,320,000 | $741 | $881 | May 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,089 | $2,250,000 | $728 | $866 | Apr 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 2,745 | $2,100,000 | $765 | $910 | Mar 2024 | Resale |
| SPRINGHILL | 27 | OCR | 5* | 01-05 | 3,122 | $2,250,000 | $721 | $858 | Sep 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.