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 WHITLEY RESIDENCES | 11 | CCR | 5* | - | 5,716 | $5,058,000 | $885 | $885 | Jan 2026 | Resale |
| THE WHITLEY RESIDENCES | 11 | CCR | 5* | - | 6,125 | $5,600,000 | $914 | $914 | Jan 2026 | Resale |
| THE WHITLEY RESIDENCES | 11 | CCR | 5* | - | 6,222 | $5,400,000 | $868 | $868 | Dec 2025 | Resale |
| THE WHITLEY RESIDENCES | 11 | CCR | 5* | - | 7,190 | $5,585,000 | $777 | $777 | Sep 2025 | Resale |
| THE WHITLEY RESIDENCES | 11 | CCR | 5* | - | 5,156 | $4,600,000 | $892 | $892 | Dec 2024 | Resale |
| THE WHITLEY RESIDENCES | 11 | CCR | 5* | - | 6,082 | $5,100,000 | $839 | $839 | Mar 2024 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.