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 |
|---|---|---|---|---|---|---|---|---|---|---|
| TRE RESIDENCES | 14 | RCR | 2 | 16-20 | 570 | $1,160,000 | $2,033 | $2,287 | Feb 2026 | Resale |
| TRE RESIDENCES | 14 | RCR | 4 | 01-05 | 947 | $1,760,000 | $1,858 | $2,090 | Jan 2026 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 11-15 | 861 | $1,650,000 | $1,916 | $2,155 | Jan 2026 | Resale |
| TRE RESIDENCES | 14 | RCR | 4 | 01-05 | 947 | $1,780,000 | $1,879 | $2,114 | Dec 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 4 | 01-05 | 947 | $1,696,000 | $1,790 | $2,013 | Nov 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 01-05 | 850 | $1,528,888 | $1,798 | $2,022 | Oct 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 11-15 | 764 | $1,430,000 | $1,871 | $2,105 | Sep 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 4 | 11-15 | 947 | $1,815,000 | $1,916 | $2,155 | Sep 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 01-05 | 861 | $1,548,888 | $1,799 | $2,024 | Aug 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 4 | 11-15 | 947 | $1,800,000 | $1,900 | $2,137 | Aug 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 4 | 11-15 | 947 | $1,836,888 | $1,939 | $2,181 | Jul 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 01-05 | 764 | $1,400,000 | $1,832 | $2,061 | Jun 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 1 | 06-10 | 420 | $780,000 | $1,858 | $2,090 | Jun 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 2 | 06-10 | 700 | $1,339,888 | $1,915 | $2,154 | May 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 2 | 06-10 | 570 | $1,055,000 | $1,849 | $2,080 | May 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 06-10 | 764 | $1,405,000 | $1,838 | $2,067 | May 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 2 | 06-10 | 570 | $1,080,000 | $1,893 | $2,129 | Apr 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 2 | 06-10 | 570 | $990,000 | $1,735 | $1,952 | Apr 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 11-15 | 861 | $1,610,000 | $1,870 | $2,103 | Apr 2025 | Resale |
| TRE RESIDENCES | 14 | RCR | 3 | 11-15 | 764 | $1,390,000 | $1,819 | $2,046 | Mar 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.