Saleable Floor Area Definition Hong Kong

Property law new definition of saleable area in hong kong 05 january 2009.

Saleable floor area definition hong kong. Hong kong institute of surveyor has published the code of measuring practice mpracticecode 199903 1 there has laid some quick understanding to the area. 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. Disclaimer thi s code is designed primarily as a guideline to assist those involved in properties and these pages are mt intended to be regarded as a treatise of statement on the law of measurement of buildings andjproperties. 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.

Eaa articles published by the media. On the contrary construction floor area is for construction cost estimation and this area covers also the ceiling and wall face area. Class a 2saleable area less than 40 m class b 2saleable area of 40 m to 69 9 m2 class c 2saleable area of 70 m to 99 9 m2 class d saleable area of 100 m2 to 159 9 m2 class e saleable area of 160 m2 or above. The hong kong institute of surveyors edition march 1999.

In other countries gross floor area meaning is like hong kong s saleable area. Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. Facilities bathroom and toilet. Saleable area of residential properties series.

The new definition in order to remove the grey areas and to better protect the interests of potential home buyers a new standardised definition of saleable area came into force on 10 october 2008 and is now a requirement under the lands department s consent scheme a scheme that governs the sale and purchase of uncompleted flats in hong kong for developers to comply with when they. They are classified by reference to floor area as follows. Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof. A new rule forcing property agents to reveal the saleable floor area of flats on the secondary market is leaving home seekers and sellers confused despite them appreciating the extra information.

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. Provision of floor area information for second hand residential properties click here for the practice circular. Net floor area is the internal room space between face of walls. Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use.

By angela wang co.