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 SUMMIT | 16 | OCR | 4* | 01-05 | 1,464 | $2,665,000 | $1,820 | $1,820 | Feb 2026 | Resale |
| THE SUMMIT | 16 | OCR | 5* | 06-10 | 1,668 | $3,280,000 | $1,966 | $1,966 | Sep 2025 | Resale |
| THE SUMMIT | 16 | OCR | 2* | 01-05 | 840 | $1,480,000 | $1,763 | $1,763 | Sep 2025 | Resale |
| THE SUMMIT | 16 | OCR | 4* | 01-05 | 1,528 | $2,400,000 | $1,570 | $1,570 | Aug 2025 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 01-05 | 1,238 | $2,480,000 | $2,003 | $2,003 | Aug 2025 | Resale |
| THE SUMMIT | 16 | OCR | 2* | 01-05 | 829 | $1,480,000 | $1,786 | $1,786 | Mar 2025 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 01-05 | 1,238 | $2,185,000 | $1,765 | $1,765 | Feb 2025 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 06-10 | 1,238 | $2,430,000 | $1,963 | $1,963 | Jan 2025 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 01-05 | 1,238 | $2,280,000 | $1,842 | $1,842 | Aug 2024 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 01-05 | 1,238 | $2,150,000 | $1,737 | $1,737 | Apr 2024 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 06-10 | 1,249 | $2,170,000 | $1,738 | $1,738 | Dec 2023 | Resale |
| THE SUMMIT | 16 | OCR | 5* | 06-10 | 1,668 | $2,688,000 | $1,611 | $1,611 | Oct 2023 | Resale |
| THE SUMMIT | 16 | OCR | 3* | 06-10 | 1,249 | $2,000,000 | $1,602 | $1,602 | Jun 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.