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 GARDEN RESIDENCES | 19 | OCR | 2 | 11-15 | 689 | $1,290,000 | $1,873 | $2,084 | Apr 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 11-15 | 614 | $1,175,000 | $1,915 | $2,131 | Apr 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 01-05 | 786 | $1,450,000 | $1,845 | $2,053 | Apr 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 06-10 | 614 | $1,165,000 | $1,899 | $2,113 | Feb 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 01-05 | 753 | $1,200,000 | $1,593 | $1,773 | Feb 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 06-10 | 786 | $1,480,000 | $1,884 | $2,096 | Feb 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 06-10 | 689 | $1,300,000 | $1,887 | $2,100 | Feb 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 06-10 | 614 | $1,180,000 | $1,923 | $2,140 | Jan 2026 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 01-05 | 786 | $1,410,000 | $1,794 | $1,996 | Dec 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 4 | 01-05 | 1,163 | $2,230,000 | $1,918 | $2,134 | Dec 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 01-05 | 797 | $1,412,000 | $1,773 | $1,973 | Dec 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 11-15 | 797 | $1,515,000 | $1,902 | $2,116 | Nov 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 11-15 | 904 | $1,820,000 | $2,013 | $2,240 | Nov 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 11-15 | 614 | $1,105,000 | $1,801 | $2,004 | Nov 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 06-10 | 614 | $1,160,000 | $1,891 | $2,104 | Nov 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 2 | 11-15 | 614 | $1,160,000 | $1,891 | $2,104 | Nov 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 06-10 | 807 | $1,515,000 | $1,877 | $2,089 | Oct 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 4 | 06-10 | 1,195 | $2,480,000 | $2,076 | $2,310 | Oct 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 3 | 11-15 | 904 | $1,880,000 | $2,079 | $2,313 | Oct 2025 | Resale |
| THE GARDEN RESIDENCES | 19 | OCR | 1 | 06-10 | 517 | $900,000 | $1,742 | $1,938 | Oct 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.