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 HACIENDA | 15 | OCR | 3* | 01-05 | 1,206 | $2,030,000 | $1,684 | $1,684 | Apr 2026 | Resale |
| THE HACIENDA | 15 | OCR | 3* | 01-05 | 1,206 | $2,300,000 | $1,908 | $1,908 | Mar 2026 | Resale |
| THE HACIENDA | 15 | OCR | 5* | 01-05 | 1,690 | $2,500,000 | $1,479 | $1,479 | May 2025 | Resale |
| THE HACIENDA | 15 | OCR | 5* | 01-05 | 1,894 | $3,200,000 | $1,689 | $1,689 | Feb 2025 | Resale |
| THE HACIENDA | 15 | OCR | 3* | 01-05 | 1,206 | $2,235,000 | $1,854 | $1,854 | Jan 2025 | Resale |
| THE HACIENDA | 15 | OCR | 3* | 01-05 | 1,206 | $2,068,000 | $1,715 | $1,715 | Jun 2024 | Resale |
| THE HACIENDA | 15 | OCR | 5* | 01-05 | 2,120 | $3,700,000 | $1,745 | $1,745 | May 2024 | Resale |
| THE HACIENDA | 15 | OCR | 5* | 01-05 | 2,196 | $3,665,000 | $1,669 | $1,669 | Jan 2024 | Resale |
| THE HACIENDA | 15 | OCR | 5* | 01-05 | 1,894 | $3,400,000 | $1,795 | $1,795 | Dec 2023 | Resale |
| THE HACIENDA | 15 | OCR | 3* | 01-05 | 1,206 | $2,038,000 | $1,691 | $1,691 | Sep 2023 | Resale |
| THE HACIENDA | 15 | OCR | 5* | 01-05 | 1,894 | $3,050,000 | $1,610 | $1,610 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.