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 METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 16-20 | 1,399 | $2,758,000 | $1,971 | $2,293 | Apr 2026 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 16-20 | 1,066 | $2,000,000 | $1,877 | $2,183 | Feb 2026 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 41-45 | 1,367 | $3,000,000 | $2,195 | $2,553 | Feb 2026 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 26-30 | 1,421 | $2,960,000 | $2,083 | $2,423 | Feb 2026 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 16-20 | 721 | $1,483,000 | $2,056 | $2,391 | Dec 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 11-15 | 1,421 | $2,880,000 | $2,027 | $2,358 | Dec 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 06-10 | 840 | $1,385,000 | $1,650 | $1,919 | Nov 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 01-05 | 1,399 | $2,500,000 | $1,787 | $2,079 | Nov 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 41-45 | 786 | $1,550,000 | $1,973 | $2,295 | Nov 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 11-15 | 1,356 | $2,615,000 | $1,928 | $2,243 | Sep 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 4 | 01-05 | 1,733 | $3,275,000 | $1,890 | $2,198 | Aug 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 4 | 26-30 | 1,744 | $3,368,000 | $1,931 | $2,246 | Aug 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 36-40 | 1,367 | $2,760,000 | $2,019 | $2,348 | Jul 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 26-30 | 786 | $1,450,000 | $1,845 | $2,146 | Jul 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 16-20 | 1,356 | $2,780,000 | $2,050 | $2,384 | Jul 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 4 | 11-15 | 1,733 | $3,285,000 | $1,896 | $2,205 | Jun 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 16-20 | 1,066 | $1,978,000 | $1,856 | $2,159 | Apr 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 2 | 16-20 | 721 | $1,396,888 | $1,937 | $2,253 | Feb 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 4 | 26-30 | 1,744 | $3,275,000 | $1,878 | $2,184 | Feb 2025 | Resale |
| THE METROPOLITAN CONDOMINIUM | 3 | RCR | 3 | 36-40 | 1,399 | $2,850,000 | $2,037 | $2,369 | Feb 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.