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 ORIENT | 5 | RCR | 3 | 01-05 | 1,130 | $1,940,000 | $1,716 | $1,716 | Dec 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 721 | $1,380,000 | $1,914 | $1,914 | Dec 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 721 | $1,310,000 | $1,816 | $1,816 | Sep 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 721 | $1,350,000 | $1,872 | $1,872 | Aug 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 667 | $1,350,000 | $2,023 | $2,023 | May 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 721 | $1,300,000 | $1,803 | $1,803 | Mar 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 624 | $1,230,000 | $1,970 | $1,970 | Mar 2025 | Resale |
| THE ORIENT | 5 | RCR | 2 | 01-05 | 624 | $1,200,000 | $1,922 | $1,922 | Jul 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.