Saleable Floor Area Definition Hong Kong

Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof.

Saleable floor area definition hong kong. If the chapter is also available in rtf format you may go straight to the download area at the bottom of the page to download and print the whole chapter rtf copy. Eaa articles published by the media. However legally they cannot include platforms terrace or rooftop. The common area is the idea coming from deed of mutual covenant and building management ordinance.

Questions and answers click here updated on 15 may 2013 related cpd activities. Some agents and landlords do bundle terraces or rooftops in their saleable area advertisement to gain an illegal advantage in attracting your enquiry. Drafting legislation in hong kong. Net floor area is the internal room space between face of walls.

Saleable area or net size or sa is the total square footage including bay windows and balcony. 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. The saleable area is the actual size of a home including balconies. Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use.

Floor areas a domestic unit is measured on the basis of saleable area which is defined as the floor area exclusively allocated to the unit including balconies verandahs utility platforms and other similar features but excluding common areas such as stairs lift shafts pipe ducts lobbies and communal toilets. Provision of floor area information for second hand residential properties click here for the practice circular. 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. 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.

Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. Gross floor area includes the saleable area plus a share of the common areas bay windows and facilities.