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 FLORENCE RESIDENCES | 19 | OCR | 3 | 11-15 | 926 | $1,858,000 | $2,007 | $2,229 | Apr 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 1 | 06-10 | 484 | $858,000 | $1,771 | $1,966 | Apr 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 4 | 16-20 | 1,270 | $2,418,888 | $1,904 | $2,114 | Apr 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 3 | 11-15 | 1,012 | $2,080,000 | $2,056 | $2,283 | Apr 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 4 | 01-05 | 1,389 | $2,730,000 | $1,966 | $2,183 | Apr 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 2 | 11-15 | 667 | $1,320,000 | $1,978 | $2,196 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 3 | 06-10 | 915 | $1,825,000 | $1,995 | $2,215 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 2 | 11-15 | 667 | $1,250,000 | $1,873 | $2,080 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 1 | 01-05 | 527 | $865,000 | $1,640 | $1,984 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 3 | 01-05 | 1,012 | $2,025,000 | $2,001 | $2,222 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 2 | 16-20 | 624 | $1,208,000 | $1,935 | $2,149 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 4 | 06-10 | 1,270 | $2,720,000 | $2,141 | $2,377 | Mar 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 2 | 06-10 | 667 | $1,255,000 | $1,881 | $2,089 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 2 | 16-20 | 797 | $1,470,000 | $1,846 | $2,050 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 1 | 11-15 | 527 | $988,000 | $1,873 | $2,080 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 2 | 11-15 | 721 | $1,350,000 | $1,872 | $2,079 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 4 | 16-20 | 1,281 | $2,400,000 | $1,874 | $2,081 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 1 | 06-10 | 484 | $850,000 | $1,755 | $1,949 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 1 | 16-20 | 527 | $950,000 | $1,801 | $2,000 | Feb 2026 | Resale |
| THE FLORENCE RESIDENCES | 19 | OCR | 1 | 06-10 | 484 | $835,000 | $1,724 | $1,914 | Jan 2026 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.