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 ESTA | 15 | RCR | 3 | 11-15 | 1,313 | $3,370,000 | $2,566 | $2,566 | Apr 2026 | Resale |
| THE ESTA | 15 | RCR | 3 | 01-05 | 1,475 | $3,560,000 | $2,414 | $2,414 | Mar 2026 | Resale |
| THE ESTA | 15 | RCR | 3 | 16-20 | 1,345 | $3,488,888 | $2,593 | $2,593 | Feb 2026 | Resale |
| THE ESTA | 15 | RCR | 2 | 16-20 | 1,001 | $2,520,000 | $2,517 | $2,517 | Feb 2026 | Resale |
| THE ESTA | 15 | RCR | 2 | 01-05 | 1,173 | $2,780,000 | $2,369 | $2,369 | Dec 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 06-10 | 1,345 | $3,400,000 | $2,527 | $2,527 | Nov 2025 | Resale |
| THE ESTA | 15 | RCR | 2 | 11-15 | 1,130 | $2,800,000 | $2,477 | $2,477 | Oct 2025 | Resale |
| THE ESTA | 15 | RCR | 2 | 11-15 | 1,001 | $2,400,000 | $2,398 | $2,398 | Oct 2025 | Resale |
| THE ESTA | 15 | RCR | 2 | 11-15 | 1,173 | $2,830,000 | $2,412 | $2,412 | Sep 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 01-05 | 1,313 | $3,187,800 | $2,428 | $2,428 | Jul 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 16-20 | 1,313 | $3,260,000 | $2,482 | $2,482 | Apr 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 16-20 | 1,345 | $3,300,000 | $2,453 | $2,453 | Apr 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 01-05 | 1,313 | $3,218,888 | $2,451 | $2,451 | Apr 2025 | Resale |
| THE ESTA | 15 | RCR | 2 | 06-10 | 1,173 | $2,770,000 | $2,361 | $2,361 | Mar 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 01-05 | 1,313 | $3,050,000 | $2,323 | $2,323 | Mar 2025 | Resale |
| THE ESTA | 15 | RCR | 3 | 16-20 | 1,475 | $3,460,000 | $2,346 | $2,346 | Mar 2025 | Resale |
| THE ESTA | 15 | RCR | 4 | 16-20 | 1,561 | $3,618,888 | $2,319 | $2,319 | Feb 2025 | Resale |
| THE ESTA | 15 | RCR | 2 | 06-10 | 1,001 | $2,380,000 | $2,378 | $2,378 | Feb 2025 | Resale |
| THE ESTA | 15 | RCR | 4 | 06-10 | 1,593 | $3,628,000 | $2,277 | $2,277 | Oct 2024 | Resale |
| THE ESTA | 15 | RCR | 2 | 01-05 | 1,141 | $2,200,000 | $1,928 | $1,928 | Oct 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.