Gross floor area calculation methods

Gross floor area calculation methods


Have you ever wondered how your Gross floor area is being calculated?

If you are an investor in Singapore property (properties), you would probably want to learn about plot ratio. As a consequence of plot ratio, you might want to read up on gross floor area.

URA has a handbook written specifically for that. You will also know that it has instituted Green space within high rise buildings by exempting green landscaping areas from Gross floor area (GFA) calculation.

This is important because when a developer builds a condominium, what happens is that they have a plot ratio for any given land plot.

Plot ratio = Gross floor area (GFA) / Land size

If some of the features or landscaping do not count as GFA, that means the developer can build nice features and landscaping and green space to enhance the property while not costing it Gross floor area (GFA). This means that it is not losing floor area which it can sell.

So kudos to URA for excellence in city planning.

http://www.ura.gov.sg/circulars/text/dcdgfahb_d0e4.htm

Singapore mortgage refinance

Property buyer Singapore mortgage consultants