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).
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Transaction prices per square foot
| Project | Dist | Region | Bed | Floor | Area | Price | PSF | 99yr Norm | Date | Type |
|---|---|---|---|---|---|---|---|---|---|---|
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,044 | $1,620,000 | $1,552 | — | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 11-15 | 915 | $1,438,000 | $1,572 | — | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 01-05 | 527 | $733,000 | $1,390 | — | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 11-15 | 463 | $730,000 | $1,577 | — | Apr 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 11-15 | 527 | $758,000 | $1,437 | — | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 01-05 | 527 | $715,000 | $1,356 | — | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 1,152 | $1,760,000 | $1,528 | — | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 1,152 | $1,690,000 | $1,467 | — | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,259 | $1,860,000 | $1,477 | — | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 11-15 | 1,152 | $1,800,000 | $1,563 | — | Mar 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,130 | $1,800,000 | $1,593 | — | Feb 2026 | Resale |
| THE SANTORINI | 18 | OCR | 2 | 11-15 | 743 | $1,180,000 | $1,589 | — | Feb 2026 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 01-05 | 527 | $730,000 | $1,384 | — | Feb 2026 | Resale |
| THE SANTORINI | 18 | OCR | 4 | 01-05 | 1,249 | $1,880,000 | $1,506 | — | Jan 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 06-10 | 1,109 | $1,660,888 | $1,498 | — | Jan 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 1,119 | $1,730,000 | $1,545 | — | Jan 2026 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 11-15 | 1,119 | $1,750,000 | $1,563 | — | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 3 | 01-05 | 915 | $1,298,000 | $1,419 | — | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 06-10 | 527 | $758,888 | $1,439 | — | Dec 2025 | Resale |
| THE SANTORINI | 18 | OCR | 1 | 11-15 | 527 | $828,000 | $1,570 | — | Dec 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.