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 CLIFT | 1 | CCR | 1 | 31-35 | 775 | $1,300,000 | $1,677 | $1,972 | Feb 2026 | Resale |
| THE CLIFT | 1 | CCR | 1 | 16-20 | 527 | $1,090,000 | $2,067 | $2,431 | Nov 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 21-25 | 527 | $1,048,888 | $1,989 | $2,339 | Oct 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 21-25 | 506 | $1,030,000 | $2,036 | $2,395 | Oct 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 16-20 | 495 | $1,015,000 | $2,050 | $2,411 | Oct 2025 | Resale |
| THE CLIFT | 1 | CCR | 2* | 21-25 | 818 | $1,670,000 | $2,041 | $2,400 | Sep 2025 | Resale |
| THE CLIFT | 1 | CCR | 1* | 21-25 | 549 | $1,210,000 | $2,204 | $2,592 | Jul 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 26-30 | 495 | $980,000 | $1,979 | $2,328 | Jul 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 26-30 | 495 | $1,040,000 | $2,100 | $2,470 | Jul 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 16-20 | 506 | $1,038,000 | $2,052 | $2,413 | Jun 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 11-15 | 527 | $1,030,000 | $1,953 | $2,297 | May 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 16-20 | 775 | $1,550,000 | $2,000 | $2,352 | May 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 31-35 | 764 | $1,450,000 | $1,897 | $2,231 | Apr 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 21-25 | 506 | $1,058,000 | $2,091 | $2,459 | Apr 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 16-20 | 527 | $1,040,000 | $1,972 | $2,319 | Feb 2025 | Resale |
| THE CLIFT | 1 | CCR | 2* | 16-20 | 818 | $1,650,000 | $2,017 | $2,372 | Feb 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 36-40 | 775 | $1,340,000 | $1,729 | $2,034 | Feb 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 11-15 | 506 | $1,024,000 | $2,024 | $2,380 | Jan 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 11-15 | 775 | $1,675,000 | $2,161 | $2,542 | Jan 2025 | Resale |
| THE CLIFT | 1 | CCR | 1 | 16-20 | 495 | $1,030,000 | $2,080 | $2,446 | Jan 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.