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 GRANGE | 10 | CCR | 4 | 11-15 | 2,282 | $7,438,000 | $3,259 | $3,259 | Mar 2026 | Resale |
| THE GRANGE | 10 | CCR | 3 | 06-10 | 1,765 | $5,150,000 | $2,917 | $2,917 | Sep 2025 | Resale |
| THE GRANGE | 10 | CCR | 4 | 16-20 | 2,293 | $6,080,000 | $2,652 | $2,652 | Jun 2025 | Resale |
| THE GRANGE | 10 | CCR | 3 | 16-20 | 1,765 | $5,000,000 | $2,832 | $2,832 | Apr 2025 | Resale |
| THE GRANGE | 10 | CCR | 3 | 21-25 | 2,077 | $4,970,000 | $2,392 | $2,392 | Nov 2024 | Resale |
| THE GRANGE | 10 | CCR | 4 | 06-10 | 2,293 | $6,380,000 | $2,783 | $2,783 | Feb 2024 | Resale |
| THE GRANGE | 10 | CCR | 4 | 11-15 | 2,282 | $7,200,000 | $3,155 | $3,155 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.