Glossary · Market terms

PSF

By Winfred Quek · CEA R073319H · Singapore property glossary

What is PSF? PSF, Per Square Foot, is the standard unit for quoting Singapore property prices, calculated as the transacted or asking price divided by the unit's floor area in square feet. It is the figure used to compare pricing across units and projects regardless of unit size, and it varies significantly by district, tenure and project age.

PSF strips out the effect of unit size, so a S$2,000,000 three bedroom unit and a S$1,200,000 one bedroom unit in the same project can be compared directly on price efficiency once converted to PSF, rather than compared on total price alone.

PSF varies materially by market zone. Typical 2026 PSF runs roughly S$2,600 to S$3,800 in the CCR, S$2,100 to S$2,700 in the RCR, and S$1,700 to S$2,300 in the OCR, indicative ranges that shift by project, floor level and view. Tenure matters too: freehold typically commands a premium over comparable 99 year leasehold in the same location.

PSF is a comparison tool, not a valuation on its own; two units with the same PSF can differ meaningfully in absolute affordability, financing needs, and total cash outlay, so it should be read alongside total price, not instead of it. A lower PSF on a much larger unit can still mean a bigger monthly instalment overall.

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Winfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board, or MAS before making any decision.

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