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 SHOREFRONT | 17 | OCR | 2 | 01-05 | 775 | $1,533,542 | $1,979 | $2,083 | Sep 2025 | New Sale |
| THE SHOREFRONT | 17 | OCR | 3 | 01-05 | 1,679 | $2,988,000 | $1,779 | $1,873 | May 2025 | New Sale |
| THE SHOREFRONT | 17 | OCR | 2 | 01-05 | 775 | $1,516,000 | $1,956 | $2,059 | May 2025 | New Sale |
| THE SHOREFRONT | 17 | OCR | 3 | 01-05 | 980 | $1,894,000 | $1,934 | $2,036 | Feb 2025 | New Sale |
| THE SHOREFRONT | 17 | OCR | 2 | 01-05 | 818 | $1,554,000 | $1,900 | $2,000 | Nov 2024 | New Sale |
| THE SHOREFRONT | 17 | OCR | 2 | 01-05 | 775 | $1,473,000 | $1,901 | $2,001 | Mar 2024 | New Sale |
| THE SHOREFRONT | 17 | OCR | 2 | 01-05 | 818 | $1,545,000 | $1,889 | $1,988 | Feb 2024 | New Sale |
| THE SHOREFRONT | 17 | OCR | 2 | 01-05 | 883 | $1,560,000 | $1,767 | $1,860 | Oct 2023 | New Sale |
| THE SHOREFRONT | 17 | OCR | 3 | 01-05 | 980 | $1,880,000 | $1,919 | $2,020 | Sep 2023 | New Sale |
| THE SHOREFRONT | 17 | OCR | 3 | 01-05 | 980 | $1,863,000 | $1,902 | $2,002 | Sep 2023 | New Sale |
| THE SHOREFRONT | 17 | OCR | 3 | 01-05 | 980 | $1,858,000 | $1,897 | $1,997 | Sep 2023 | New Sale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.