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 CANOPY | 27 | OCR | 3 | 11-15 | 1,195 | $1,418,000 | $1,187 | $1,356 | Mar 2026 | Resale |
| THE CANOPY | 27 | OCR | 3 | 01-05 | 1,270 | $1,485,000 | $1,169 | $1,335 | Mar 2026 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,195 | $1,365,000 | $1,142 | $1,305 | Feb 2026 | Resale |
| THE CANOPY | 27 | OCR | 3 | 01-05 | 1,184 | $1,320,000 | $1,115 | $1,274 | Dec 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,292 | $1,580,000 | $1,223 | $1,397 | Dec 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 06-10 | 1,033 | $1,180,000 | $1,142 | $1,305 | Nov 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,195 | $1,390,000 | $1,163 | $1,329 | Nov 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 06-10 | 1,023 | $1,170,000 | $1,144 | $1,307 | Nov 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 06-10 | 872 | $1,060,000 | $1,216 | $1,389 | Nov 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 11-15 | 1,023 | $1,200,000 | $1,174 | $1,341 | Oct 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 11-15 | 1,033 | $1,212,000 | $1,173 | $1,340 | Sep 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 06-10 | 1,033 | $1,140,000 | $1,103 | $1,260 | Sep 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,195 | $1,420,000 | $1,188 | $1,357 | Sep 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 01-05 | 1,173 | $1,350,000 | $1,151 | $1,315 | Sep 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,302 | $1,488,000 | $1,142 | $1,305 | Sep 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 11-15 | 1,033 | $1,230,000 | $1,190 | $1,359 | Aug 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,195 | $1,315,000 | $1,101 | $1,258 | Aug 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 01-05 | 1,173 | $1,340,000 | $1,142 | $1,305 | Jul 2025 | Resale |
| THE CANOPY | 27 | OCR | 3 | 06-10 | 1,173 | $1,330,000 | $1,134 | $1,296 | Jul 2025 | Resale |
| THE CANOPY | 27 | OCR | 2 | 01-05 | 1,141 | $1,220,000 | $1,069 | $1,221 | Jun 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.