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 SANTORINI | 18 | OCR | 1 | 01-05 | 527 | $733,000 | $1,390 | $1,569 | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,044 | $1,620,000 | $1,552 | $1,752 | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 11-15 | 915 | $1,438,000 | $1,572 | $1,775 | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 01-05 | 527 | $715,000 | $1,356 | $1,531 | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 1,152 | $1,760,000 | $1,528 | $1,725 | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 1,152 | $1,690,000 | $1,467 | $1,656 | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,259 | $1,860,000 | $1,477 | $1,667 | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 11-15 | 527 | $758,000 | $1,437 | $1,622 | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 11-15 | 1,152 | $1,800,000 | $1,563 | $1,765 | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 2 | 11-15 | 743 | $1,180,000 | $1,589 | $1,794 | Feb 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 01-05 | 527 | $730,000 | $1,384 | $1,562 | Feb 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,130 | $1,800,000 | $1,593 | $1,798 | Feb 2026 | Resale |
| THE SANTORINI | 18 | OCR | 4 | 01-05 | 1,249 | $1,880,000 | $1,506 | $1,700 | Jan 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,109 | $1,660,888 | $1,498 | $1,691 | Jan 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 1,119 | $1,730,000 | $1,545 | $1,744 | Jan 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 11-15 | 527 | $828,000 | $1,570 | $1,772 | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 11-15 | 1,119 | $1,750,000 | $1,563 | $1,765 | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 06-10 | 527 | $758,888 | $1,439 | $1,625 | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 915 | $1,298,000 | $1,419 | $1,602 | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 915 | $1,350,888 | $1,476 | $1,666 | Oct 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.