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 PEARL @ MOUNT FABER | 4 | RCR | 3 | 06-10 | 1,389 | $2,180,000 | $1,570 | $1,867 | Mar 2026 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 01-05 | 1,173 | $1,800,000 | $1,534 | $1,825 | Jan 2026 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 06-10 | 1,389 | $2,050,000 | $1,476 | $1,756 | Sep 2025 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,356 | $2,020,000 | $1,489 | $1,771 | Aug 2025 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 01-05 | 1,163 | $1,895,000 | $1,630 | $1,939 | Jul 2025 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 01-05 | 1,087 | $1,728,000 | $1,589 | $1,890 | Jun 2025 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,389 | $2,200,000 | $1,584 | $1,884 | Mar 2025 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 06-10 | 1,389 | $2,275,182 | $1,639 | $1,949 | Mar 2025 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 01-05 | 1,173 | $1,888,888 | $1,610 | $1,915 | Nov 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,604 | $2,408,888 | $1,502 | $1,787 | Aug 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,389 | $2,108,888 | $1,519 | $1,807 | Jul 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 06-10 | 1,173 | $1,808,888 | $1,542 | $1,834 | Jul 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 06-10 | 1,173 | $1,820,000 | $1,551 | $1,845 | Jun 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,389 | $2,180,000 | $1,570 | $1,867 | Apr 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,389 | $2,030,000 | $1,462 | $1,739 | Mar 2024 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 06-10 | 1,163 | $1,650,000 | $1,419 | $1,688 | Dec 2023 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 3 | 01-05 | 1,389 | $2,100,000 | $1,512 | $1,798 | Dec 2023 | Resale |
| THE PEARL @ MOUNT FABER | 4 | RCR | 2 | 01-05 | 1,173 | $1,760,000 | $1,500 | $1,784 | Oct 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.