A standardised definition of “saleable area” was adopted for sale of uncompleted residential units since 10 October 2008. Be aware of the following:
- The “saleable area” of a unit means the floor area of the unit enclosed by walls (inclusive of the floor area of any balconies, utility platforms and verandahs).
- “Other areas”, such as flat roof, roof, garden, cockloft, yard, terrace, bay window, air-conditioning plant room, carparking space etc., will be listed item by item, but will not be included as part of the saleable area.
- When calculating the per-square-foot price, you should understand whether the calculation is based on the “saleable area” or the “gross floor area” of the unit. Enquire with the developer if you have any doubt.