How we calculate this
- We find a nearby resale project with real, recent transaction history — the actual comparable a buyer would weigh this launch against.
- We normalize both to the same lease basis, since a 99-year launch and a freehold resale comp aren't priced on equal terms.
- Leasehold land granted after June 2023 gets a small adjustment for the extra usable floor area it's entitled to.
- We compare that fair price against the lowest PSF this project has actually sold at — not the asking price, not an average — and call it overpriced or undervalued from there.
No “fairly priced” middle ground — every analyzed project gets one verdict, in one direction, with a real number behind it.