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 COUNTRYSIDE | 26 | OCR | 5* | - | 3,166 | $4,500,000 | $1,422 | $1,422 | Feb 2026 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 2,583 | $5,100,000 | $1,974 | $1,974 | Jan 2026 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 1,817 | $4,340,000 | $2,389 | $2,389 | Sep 2025 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 3,424 | $5,578,000 | $1,629 | $1,629 | Jul 2025 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 2,583 | $4,850,000 | $1,877 | $1,877 | Jun 2025 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 1,817 | $3,750,000 | $2,064 | $2,064 | Feb 2025 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 1,819 | $3,818,888 | $2,099 | $2,099 | Sep 2024 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 3,589 | $4,750,000 | $1,324 | $1,324 | Apr 2024 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 3,592 | $4,500,000 | $1,253 | $1,253 | Jan 2024 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 2,848 | $4,250,000 | $1,492 | $1,492 | Nov 2023 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 1,817 | $3,630,000 | $1,998 | $1,998 | May 2023 | Resale |
| THE COUNTRYSIDE | 26 | OCR | 5* | - | 3,423 | $4,800,000 | $1,402 | $1,402 | May 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.