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 GALE | 17 | OCR | 2 | 01-05 | 980 | $1,320,000 | $1,348 | $1,348 | Mar 2026 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 969 | $1,335,000 | $1,378 | $1,378 | Jan 2026 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 915 | $1,230,000 | $1,344 | $1,344 | Dec 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 1,044 | $1,400,000 | $1,341 | $1,341 | Nov 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 1,195 | $1,408,000 | $1,178 | $1,178 | Nov 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 1,033 | $1,400,000 | $1,355 | $1,355 | Oct 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 1,152 | $1,600,000 | $1,389 | $1,389 | Aug 2025 | Resale |
| THE GALE | 17 | OCR | 3 | 01-05 | 1,464 | $1,900,000 | $1,298 | $1,298 | Jul 2025 | Resale |
| THE GALE | 17 | OCR | 3 | 06-10 | 1,345 | $1,830,000 | $1,360 | $1,360 | Jul 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 1,044 | $1,420,000 | $1,360 | $1,360 | Apr 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 1,044 | $1,380,000 | $1,322 | $1,322 | Mar 2025 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 1,152 | $1,530,000 | $1,328 | $1,328 | Nov 2024 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 969 | $1,280,000 | $1,321 | $1,321 | Sep 2024 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 1,152 | $1,518,000 | $1,318 | $1,318 | Sep 2024 | Resale |
| THE GALE | 17 | OCR | 3 | 06-10 | 1,345 | $1,735,000 | $1,289 | $1,289 | Aug 2024 | Resale |
| THE GALE | 17 | OCR | 3 | 01-05 | 1,356 | $1,670,000 | $1,231 | $1,231 | Jul 2024 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 689 | $855,000 | $1,241 | $1,241 | Jun 2024 | Resale |
| THE GALE | 17 | OCR | 4 | 01-05 | 1,991 | $2,300,000 | $1,155 | $1,155 | May 2024 | Resale |
| THE GALE | 17 | OCR | 2 | 06-10 | 1,012 | $1,280,000 | $1,265 | $1,265 | Apr 2024 | Resale |
| THE GALE | 17 | OCR | 2 | 01-05 | 936 | $1,138,888 | $1,216 | $1,216 | Feb 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.