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 |
|---|---|---|---|---|---|---|---|---|---|---|
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 1,080 | $3,300,000 | $3,057 | $3,057 | Apr 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 2* | - | 893 | $3,000,000 | $3,358 | $3,358 | Mar 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 5* | - | 2,307 | $6,000,000 | $2,601 | $2,601 | Mar 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 5* | - | 2,023 | $7,200,000 | $3,560 | $3,560 | Mar 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 2* | - | 885 | $3,230,000 | $3,651 | $3,651 | Feb 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 943 | $3,000,000 | $3,182 | $3,182 | Jan 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 2* | - | 885 | $3,150,000 | $3,560 | $3,560 | Jan 2026 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 1,156 | $4,200,000 | $3,633 | $3,633 | Dec 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 2* | - | 885 | $2,850,000 | $3,221 | $3,221 | Dec 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 2* | - | 893 | $3,990,000 | $4,466 | $4,466 | Dec 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 1,049 | $3,800,000 | $3,621 | $3,621 | Oct 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 1,000 | $3,018,888 | $3,019 | $3,019 | Aug 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 5* | - | 3,652 | $6,250,000 | $1,711 | $1,711 | Jul 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 916 | $2,865,000 | $3,128 | $3,128 | Jul 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 915 | $3,400,000 | $3,716 | $3,716 | Jul 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 5* | - | 1,800 | $5,750,000 | $3,195 | $3,195 | Jun 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 2* | - | 885 | $2,650,000 | $2,995 | $2,995 | Jun 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 5* | - | 1,910 | $6,388,888 | $3,346 | $3,346 | May 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 5* | - | 1,633 | $4,200,000 | $2,572 | $2,572 | May 2025 | Resale |
| THOMSON GARDEN ESTATE | 20 | RCR | 3* | - | 920 | $3,300,000 | $3,586 | $3,586 | Apr 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.