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 |
|---|---|---|---|---|---|---|---|---|---|---|
| THE CALLISTA | 12 | RCR | 3 | 01-05 | 1,302 | $1,730,000 | $1,328 | $1,398 | Jul 2025 | Resale |
| THE CALLISTA | 12 | RCR | 3 | 01-05 | 1,109 | $1,400,888 | $1,264 | $1,331 | Jun 2025 | Resale |
| THE CALLISTA | 12 | RCR | 3 | 01-05 | 1,130 | $1,425,000 | $1,261 | $1,327 | Aug 2024 | Resale |
| THE CALLISTA | 12 | RCR | 3 | 01-05 | 1,087 | $1,435,000 | $1,320 | $1,389 | Jul 2024 | Resale |
| THE CALLISTA | 12 | RCR | 1 | 06-10 | 592 | $810,000 | $1,368 | $1,440 | Jun 2024 | Resale |
| THE CALLISTA | 12 | RCR | 1 | 06-10 | 592 | $780,000 | $1,318 | $1,387 | May 2024 | Resale |
| THE CALLISTA | 12 | RCR | 3 | 06-10 | 1,302 | $1,580,000 | $1,213 | $1,277 | Dec 2023 | Resale |
| THE CALLISTA | 12 | RCR | 3 | 01-05 | 1,302 | $1,625,000 | $1,248 | $1,314 | Dec 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.