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 GERANIUM | 15 | RCR | 2 | 01-05 | 990 | $1,580,000 | $1,596 | $1,596 | Nov 2025 | Resale |
| THE GERANIUM | 15 | RCR | 3 | 01-05 | 1,453 | $2,083,888 | $1,434 | $1,434 | Sep 2025 | Resale |
| THE GERANIUM | 15 | RCR | 3 | 01-05 | 1,582 | $2,300,000 | $1,454 | $1,454 | Aug 2025 | Resale |
| THE GERANIUM | 15 | RCR | 2 | 01-05 | 990 | $1,638,888 | $1,655 | $1,655 | May 2025 | Resale |
| THE GERANIUM | 15 | RCR | 2 | 01-05 | 947 | $1,575,000 | $1,663 | $1,663 | Mar 2025 | Resale |
| THE GERANIUM | 15 | RCR | 1 | 01-05 | 635 | $1,018,000 | $1,603 | $1,603 | Apr 2024 | Resale |
| THE GERANIUM | 15 | RCR | 3 | 01-05 | 926 | $1,528,000 | $1,651 | $1,651 | Feb 2024 | Resale |
| THE GERANIUM | 15 | RCR | 2 | 01-05 | 753 | $1,128,800 | $1,498 | $1,498 | Dec 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.