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 |
|---|---|---|---|---|---|---|---|---|---|---|
| TAI PENG GARDENS | 19 | OCR | 5* | - | 3,128 | $4,250,000 | $1,359 | $1,359 | Nov 2024 | Resale |
| TAI PENG GARDENS | 19 | OCR | 5* | - | 2,034 | $3,638,000 | $1,788 | $1,788 | Oct 2024 | Resale |
| TAI PENG GARDENS | 19 | OCR | 5* | - | 2,784 | $5,818,000 | $2,090 | $2,090 | Oct 2024 | Resale |
| TAI PENG GARDENS | 19 | OCR | 5* | - | 2,032 | $3,701,888 | $1,822 | $1,822 | Jul 2024 | Resale |
| TAI PENG GARDENS | 19 | OCR | 5* | - | 2,032 | $4,900,000 | $2,411 | $2,411 | Jul 2024 | Resale |
| TAI PENG GARDENS | 19 | OCR | 5* | - | 2,784 | $5,280,000 | $1,897 | $1,897 | Apr 2024 | New Sale |
| TAI PENG GARDENS | 19 | OCR | 5* | - | 2,155 | $5,280,000 | $2,450 | $2,450 | Apr 2024 | New Sale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.