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 SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,184 | $1,935,000 | $1,634 | $1,634 | Mar 2026 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,195 | $1,920,000 | $1,607 | $1,607 | Nov 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 06-10 | 1,109 | $1,860,000 | $1,678 | $1,678 | Oct 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,066 | $1,850,000 | $1,736 | $1,736 | Oct 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 06-10 | 1,001 | $1,688,000 | $1,686 | $1,686 | Sep 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,195 | $1,982,000 | $1,659 | $1,659 | Jun 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 06-10 | 1,109 | $1,850,000 | $1,669 | $1,669 | Jun 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,195 | $2,000,000 | $1,674 | $1,674 | Jan 2025 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,023 | $1,650,000 | $1,614 | $1,614 | Nov 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,119 | $1,780,000 | $1,590 | $1,590 | Oct 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 06-10 | 1,195 | $1,980,000 | $1,657 | $1,657 | Sep 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 4* | 01-05 | 1,270 | $1,430,000 | $1,126 | $1,126 | Aug 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,184 | $1,930,000 | $1,630 | $1,630 | Jul 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,195 | $1,850,000 | $1,548 | $1,548 | Jun 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 06-10 | 1,195 | $1,900,000 | $1,590 | $1,590 | Jun 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 06-10 | 1,184 | $1,860,000 | $1,571 | $1,571 | Apr 2024 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,195 | $1,765,000 | $1,477 | $1,477 | Oct 2023 | Resale |
| THE SUNNY SPRING | 14 | RCR | 4* | 01-05 | 1,410 | $2,030,000 | $1,440 | $1,440 | Sep 2023 | Resale |
| THE SUNNY SPRING | 14 | RCR | 3 | 01-05 | 1,066 | $1,600,000 | $1,501 | $1,501 | Jul 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.