Singapore residential condo — freehold and 99-year leasehold. Based on URA Master Plan, LBC framework, and SLA Bala's Table.
Site details
Potential GFA (sq m) —
Potential GFA (sq ft) —
Existing building
Enter existing GFA by
Use if all units are the same size
Existing GFA (sq m) —
Use when units are different sizes — enter the total strata area
Existing GFA (sq m) —
Always required — used to calculate average payout per unit
Assumed baseline (sq m) —
Pricing
Per sq ft per plot ratio — from market comparables
Total land price —
Land betterment charge (LBC)
ⓘ LBC rate reference guide (Group B2 residential)
LBC rates are revised every 1 March and 1 September by the Chief Valuer. Rates vary by geographical sector (118 sectors in Singapore).
Always verify the current rate on URA SPACE → Property Use and Approval → Land Betterment Charge Rates → enter the property address.
Example rates for reference only — Sector 93, Telok Kurau area (Sep 2024):
Group A: $6,800/sqm | Group B1: $7,910/sqm | Group B2: $7,840/sqm | Group C: $10,280/sqm
The course examples use $8,260/sqm (Group B2) and $8,120/sqm (Group B1) for Telok Kurau.
LBC rates are revised every 1 March and 1 September. Always verify on URA SPACE for your specific sector.
Example rates (Sector 93, Sep 2024): Group B1 $7,910/sqm | Group B2 $7,840/sqm
Lease renewal premium (Bala's Table formula):
This is what the developer pays SLA to top up the lease to a fresh 99 years.
1. Derive freehold equivalent = Fresh 99yr land value ÷ 96% (Bala factor at 99yr)
2. Current lease value = Freehold equivalent × Bala% at remaining years
3. Lease renewal premium = Fresh 99yr land value − Current lease value
The non-linear Bala curve means the premium accelerates sharply below 60 years remaining. A site with 50 years left pays ~28% more premium than one with 70 years left.
Source: Singapore Land Authority / Centre for Liveable Cities (CLC). Adopted 1948, published online 2000. Green >80% | Amber 60–80% | Red <60% of freehold value.