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OTHER REAL ESTATE INFORMATION
In Singapore, the Urban Redevelopment Authority (URA) is responsible for national land use planning.

Property sales transactions are based on nett saleable instead of gross saleable floor area.

Nett saleable area is measured up to the centre line of the wall separating adjoining units. This includes the full thickness of the walls separating the units from common areas, lift shafts, ledges for air-conditioning units, staircases, for example.

If the area of a unit on resurvey by the government is less than the area stated in the Sale & Purchase Agreement, the purchase price would be adjusted as follows:
Not more than 3% of the area stated in the Sale & Purchase Agreement – no reduction in purchase price.
More than 3% of the area stated in the Sale & Purchase Agreement – reduction in the amount of unit purchase price per square metre of deficiency.
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