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 SCOTTS TOWER | 9 | CCR | 2* | 11-15 | 850 | $1,830,000 | $2,152 | $2,421 | Jan 2026 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 06-10 | 657 | $1,200,000 | $1,828 | $2,056 | Oct 2025 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 21-25 | 872 | $1,830,000 | $2,099 | $2,361 | Sep 2025 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 16-20 | 872 | $1,900,000 | $2,179 | $2,451 | May 2025 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 06-10 | 850 | $1,820,000 | $2,140 | $2,407 | Jan 2025 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 06-10 | 646 | $1,300,000 | $2,013 | $2,264 | Dec 2024 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 06-10 | 667 | $1,300,000 | $1,948 | $2,191 | Sep 2024 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 11-15 | 657 | $1,300,000 | $1,980 | $2,227 | Apr 2024 | Resale |
| THE SCOTTS TOWER | 9 | CCR | 2* | 06-10 | 850 | $1,768,000 | $2,079 | $2,339 | Jun 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.