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 PANORAMA | 20 | OCR | 4 | 11-15 | 1,335 | $2,880,000 | $2,158 | $2,436 | Apr 2026 | Resale |
| THE PANORAMA | 20 | OCR | 1 | 16-20 | 474 | $882,000 | $1,862 | $2,102 | Mar 2026 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 01-05 | 990 | $1,998,888 | $2,019 | $2,279 | Mar 2026 | Resale |
| THE PANORAMA | 20 | OCR | 5 | 06-10 | 1,561 | $3,450,000 | $2,210 | $2,495 | Mar 2026 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 16-20 | 1,012 | $2,260,000 | $2,234 | $2,522 | Mar 2026 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 11-15 | 1,012 | $2,280,000 | $2,253 | $2,544 | Mar 2026 | Resale |
| THE PANORAMA | 20 | OCR | 2 | 11-15 | 786 | $1,640,000 | $2,087 | $2,356 | Feb 2026 | Resale |
| THE PANORAMA | 20 | OCR | 2 | 16-20 | 700 | $1,480,000 | $2,115 | $2,388 | Feb 2026 | Resale |
| THE PANORAMA | 20 | OCR | 4 | 11-15 | 1,335 | $2,888,888 | $2,164 | $2,443 | Jan 2026 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 06-10 | 1,141 | $2,535,000 | $2,222 | $2,509 | Jan 2026 | Resale |
| THE PANORAMA | 20 | OCR | 2 | 06-10 | 797 | $1,550,000 | $1,946 | $2,197 | Jan 2026 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 11-15 | 1,012 | $1,950,000 | $1,927 | $2,175 | Jan 2026 | Resale |
| THE PANORAMA | 20 | OCR | 2 | 01-05 | 797 | $1,452,888 | $1,824 | $2,059 | Dec 2025 | Resale |
| THE PANORAMA | 20 | OCR | 2 | 11-15 | 700 | $1,480,000 | $2,115 | $2,388 | Oct 2025 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 06-10 | 1,066 | $2,200,000 | $2,065 | $2,331 | Oct 2025 | Resale |
| THE PANORAMA | 20 | OCR | 2 | 06-10 | 786 | $1,530,000 | $1,947 | $2,198 | Oct 2025 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 06-10 | 1,012 | $2,150,000 | $2,125 | $2,399 | Sep 2025 | Resale |
| THE PANORAMA | 20 | OCR | 1 | 11-15 | 431 | $870,000 | $2,021 | $2,282 | Sep 2025 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 01-05 | 1,130 | $2,150,000 | $1,902 | $2,147 | Sep 2025 | Resale |
| THE PANORAMA | 20 | OCR | 3 | 01-05 | 1,141 | $2,236,899 | $1,961 | $2,214 | Sep 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.