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 SHAUGHNESSY | 27 | OCR | 5* | - | 3,283 | $2,475,888 | $754 | $902 | Feb 2026 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,500,000 | $757 | $906 | Feb 2026 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,455 | $2,450,000 | $709 | $848 | Jan 2026 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,283 | $2,500,000 | $762 | $911 | Jan 2026 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,438,000 | $738 | $883 | Jan 2026 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,606 | $2,688,000 | $745 | $891 | Oct 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,283 | $2,328,000 | $709 | $848 | Sep 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,520 | $2,460,000 | $699 | $836 | Aug 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,649 | $2,725,000 | $747 | $894 | Aug 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,283 | $2,300,800 | $701 | $839 | Jun 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,400,000 | $726 | $868 | May 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,400,000 | $726 | $868 | Apr 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,993 | $2,668,888 | $668 | $799 | Mar 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,283 | $2,430,000 | $740 | $885 | Mar 2025 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,283 | $2,468,888 | $752 | $900 | Sep 2024 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,450,000 | $741 | $886 | May 2024 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,412 | $2,450,000 | $718 | $859 | Mar 2024 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,300,000 | $696 | $833 | Feb 2024 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,305 | $2,488,888 | $753 | $901 | Feb 2024 | Resale |
| THE SHAUGHNESSY | 27 | OCR | 5* | - | 3,681 | $2,450,000 | $666 | $797 | Feb 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.