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 VERMONT ON CAIRNHILL | 9 | CCR | 3 | 16-20 | 1,432 | $3,800,000 | $2,654 | $2,654 | Mar 2026 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 4 | 01-05 | 1,884 | $5,120,000 | $2,718 | $2,718 | Mar 2026 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 11-15 | 1,335 | $3,428,000 | $2,568 | $2,568 | Feb 2026 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 06-10 | 1,442 | $3,820,000 | $2,648 | $2,648 | Feb 2026 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 11-15 | 1,442 | $3,650,000 | $2,531 | $2,531 | Dec 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 5* | 16-20 | 6,060 | $9,050,000 | $1,493 | $1,493 | Dec 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 06-10 | 1,432 | $3,688,000 | $2,576 | $2,576 | Nov 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 11-15 | 1,432 | $3,690,000 | $2,578 | $2,578 | Nov 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 5* | 16-20 | 4,542 | $8,200,000 | $1,805 | $1,805 | Sep 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 2 | 01-05 | 883 | $2,160,000 | $2,447 | $2,447 | Sep 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 06-10 | 1,335 | $3,400,000 | $2,547 | $2,547 | Jun 2025 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 3 | 01-05 | 1,410 | $3,400,000 | $2,411 | $2,411 | Aug 2024 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 4 | 01-05 | 1,711 | $4,500,000 | $2,629 | $2,629 | Jul 2024 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 1 | 01-05 | 527 | $1,420,000 | $2,692 | $2,692 | May 2024 | Resale |
| THE VERMONT ON CAIRNHILL | 9 | CCR | 2 | 16-20 | 915 | $2,300,000 | $2,514 | $2,514 | Nov 2023 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.