Saleable Floor Area Definition

Saleable floor area include full thickness of external walls half thickness of walls shared with other units internal walls thickness as well as balconies but exclude bay windows.

Saleable floor area definition. The definition of saleable area under the ordinance saleable area means the floor area of the residential property which includes the floor area of i a balcony ii a utility platform and iii a verandah so long as it forms part of the residential property. As defined in the ordinance means the floor area of the residential property including the floor area of a balcony a utility platform and a verandah but excluding the area of an air conditioning plant room a bay window a cockloft a flat roof a garden a parking space a roof a stairhood a terrace and a yard. Net floor area is the internal room space between face of walls. Under the new definition saleable area includes only the floor area of the unit the balcony utility platform and verandah which area shall be measured from the exterior of the enclosing walls of such unit balcony utility platform or verandah.

In short usable floor area is originated from buildings ordinance for population estimation in a proposed space whereas the saleable area is for property conveyance in first hand sale. Areas are the foundation of a development appraisal and using the wrong area can cause significant changes in the profitability of a scheme. The code contains a hierarchy of definitions. Gross floor area includes the saleable area plus a share of the common areas bay windows and facilities.

The common area is the idea coming from deed of mutual covenant and building management ordinance. The core definitions are. Floor areas in property development can often cause a fair bit of confusion when do you use gross internal area when does the net apply and what about gross external area. It includes all floor area including internal walls mezzanines hallways bathrooms but excludes common spaces patios balconies.

The saleable area is the actual size of a home including balconies.