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 |
|---|---|---|---|---|---|---|---|---|---|---|
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,152 | $1,808,000 | $1,570 | $1,760 | Apr 2026 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,076 | $1,715,000 | $1,593 | $1,785 | Mar 2026 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 01-05 | 1,076 | $1,640,000 | $1,524 | $1,708 | Dec 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 06-10 | 1,076 | $1,668,000 | $1,550 | $1,737 | Dec 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 01-05 | 1,152 | $1,700,000 | $1,476 | $1,654 | Dec 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 01-05 | 1,076 | $1,620,000 | $1,505 | $1,687 | Nov 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 06-10 | 1,076 | $1,700,000 | $1,579 | $1,770 | Nov 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,076 | $1,670,000 | $1,551 | $1,738 | Nov 2025 | Resale |
| TREASURE CREST | 19 | OCR | 4 | 11-15 | 1,345 | $2,230,000 | $1,657 | $1,857 | Oct 2025 | Resale |
| TREASURE CREST | 19 | OCR | 4 | 11-15 | 1,345 | $2,250,000 | $1,672 | $1,874 | Oct 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 06-10 | 1,076 | $1,690,000 | $1,570 | $1,760 | Sep 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,249 | $2,015,000 | $1,614 | $1,809 | Aug 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,076 | $1,680,000 | $1,561 | $1,750 | Aug 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,076 | $1,690,000 | $1,570 | $1,760 | Jul 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,076 | $1,711,000 | $1,590 | $1,782 | Jun 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 11-15 | 1,076 | $1,680,000 | $1,561 | $1,750 | May 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 01-05 | 1,076 | $1,600,000 | $1,486 | $1,665 | May 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 06-10 | 958 | $1,483,000 | $1,548 | $1,735 | May 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 06-10 | 1,152 | $1,700,000 | $1,476 | $1,654 | May 2025 | Resale |
| TREASURE CREST | 19 | OCR | 3 | 06-10 | 1,076 | $1,660,000 | $1,542 | $1,728 | May 2025 | Resale |
Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.