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 GREENWOOD | 11 | CCR | 5* | - | 1,778 | $6,058,000 | $3,407 | $3,407 | Mar 2026 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 3,326 | $3,765,000 | $1,132 | $1,283 | Dec 2025 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 3,025 | $3,570,000 | $1,180 | $1,337 | Oct 2025 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 1,615 | $5,750,000 | $3,561 | $3,561 | Mar 2025 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 1,615 | $5,200,888 | $3,221 | $3,221 | Aug 2024 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 2,752 | $6,600,000 | $2,398 | $2,398 | Jul 2024 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 2,907 | $6,100,000 | $2,098 | $2,098 | May 2024 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 1,622 | $2,250,000 | $1,387 | $1,387 | Apr 2024 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 3,014 | $3,530,000 | $1,171 | $1,327 | Feb 2024 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 3,681 | $3,750,000 | $1,019 | $1,155 | Nov 2023 | Resale |
| THE GREENWOOD | 11 | CCR | 5* | - | 2,341 | $6,680,000 | $2,853 | $2,853 | Nov 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.