Price per Square Foot (PSF)
What is PSF (Price per Square Foot)?
Price per square foot (PSF) is a property's price divided by its area in square feet. It lets you compare homes of different sizes. URA calculates it on strata floor area for apartments, condos and other strata units, and on land area for detached, semi-detached and terrace houses. The total price is often called the quantum.
Key facts
- Formula
- Price ÷ area in square feet
- Area used for condos and strata units
- Strata floor area
- Area used for detached, semi-detached and terrace houses
- Land area
- Conversion
- 1 square metre = 10.764 square feet
- Quantum
- The total price, as opposed to the price per square foot
- Official data
- URA publishes private residential transaction records, compiled mainly from caveats
As of 6 Nov 2026. Source: URA.
How PSF works
PSF puts homes of different sizes on the same footing. Two condos priced at $1.2 million and $1.8 million aren’t comparable until you know their sizes.
| Home | Price (quantum) | Area | PSF |
|---|---|---|---|
| A | $1,200,000 | 700 sq ft | $1,714 |
| B | $1,800,000 | 1,200 sq ft | $1,500 |
Home B costs more in total but less per square foot.
Converting square metres
URA and many official documents use square metres. To convert:
- Square metres to square feet: multiply by 10.764.
- Price per square metre to PSF: divide by 10.764.
Example
A 90 square metre condo sells for $1,650,000.
| Step | Calculation | Result |
|---|---|---|
| Area in square feet | 90 × 10.764 | 968.8 sq ft |
| PSF | $1,650,000 ÷ 968.8 | $1,703 psf |
| Price per square metre | $1,650,000 ÷ 90 | $18,333 psm |
Common mistakes
- Comparing landed PSF with condo PSF. Landed homes in URA’s data are often measured on land area, not floor area.
- Using PSF alone. A low PSF can reflect a short remaining lease, an old building or a less convenient location. See lease decay.
- Mixing up the units. Check whether a figure is per square foot or per square metre.
Frequently asked questions
What is the difference between PSF and quantum?
Quantum is the total price you pay. PSF is that price divided by the area. A smaller unit can have a lower quantum but a higher PSF than a bigger unit in the same project.
Is PSF calculated the same way for landed homes?
No. For detached, semi-detached and terrace houses, URA's median PSF is based on land area. For strata-subdivided homes, including cluster housing and townhouses, it is based on strata floor area.
Should I compare PSF across districts?
With care. PSF varies with location, tenure, age and unit size. Compare similar homes in the same market segment first.
Related terms
Sources
Every figure on this page was checked against the official government sources above on 6 Nov 2026. See our editorial policy.
This is general information, not financial, legal or tax advice.