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 DAIRY FARM | 23 | OCR | 5* | 01-05 | 2,142 | $3,600,000 | $1,681 | $1,681 | Jan 2026 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 2,131 | $3,286,000 | $1,542 | $1,542 | Dec 2025 | Resale |
| THE DAIRY FARM | 23 | OCR | 4* | 06-10 | 1,281 | $2,138,888 | $1,670 | $1,670 | Nov 2025 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 2,131 | $3,350,000 | $1,572 | $1,572 | Nov 2025 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 2,196 | $3,500,000 | $1,594 | $1,594 | Oct 2025 | Resale |
| THE DAIRY FARM | 23 | OCR | 2 | 01-05 | 1,389 | $2,308,000 | $1,662 | $1,662 | Sep 2025 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 1,518 | $2,330,000 | $1,535 | $1,535 | Aug 2025 | Resale |
| THE DAIRY FARM | 23 | OCR | 2 | 01-05 | 1,389 | $2,350,000 | $1,692 | $1,692 | Dec 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 4* | 06-10 | 1,281 | $2,038,000 | $1,591 | $1,591 | Oct 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 2,131 | $3,318,000 | $1,557 | $1,557 | Oct 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 4* | 06-10 | 1,281 | $2,168,000 | $1,693 | $1,693 | Oct 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 2,207 | $3,400,000 | $1,541 | $1,541 | Jul 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 3* | 01-05 | 1,163 | $1,900,000 | $1,634 | $1,634 | Jul 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 3* | 01-05 | 1,173 | $1,835,000 | $1,564 | $1,564 | Apr 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 5* | 06-10 | 1,948 | $3,300,000 | $1,694 | $1,694 | Jan 2024 | Resale |
| THE DAIRY FARM | 23 | OCR | 3 | 01-05 | 2,131 | $3,280,000 | $1,539 | $1,539 | Dec 2023 | Resale |
| THE DAIRY FARM | 23 | OCR | 3* | 01-05 | 1,249 | $2,160,000 | $1,730 | $1,730 | Sep 2023 | Resale |
| THE DAIRY FARM | 23 | OCR | 4* | 01-05 | 1,281 | $2,000,000 | $1,561 | $1,561 | Aug 2023 | Resale |
| THE DAIRY FARM | 23 | OCR | 3* | 01-05 | 1,163 | $1,800,000 | $1,548 | $1,548 | Aug 2023 | Resale |
| THE DAIRY FARM | 23 | OCR | 3* | 01-05 | 1,163 | $1,880,000 | $1,617 | $1,617 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.