Sure! Here’s a simple breakdown of those terms:
### 1. **Built-Up Area vs. Built-In Area vs. Land Area**:
- **Built-Up Area**: This refers to the total area of a property that is covered by the building, including walls and other structures. It typically includes all usable space inside the building.
- **Built-In Area**: This often refers to the usable space within the interior of the building, excluding walls and shared areas. It may vary based on the context.
- **Land Area**: This is the total area of the land on which the property sits, including any outdoor space, gardens, or driveways.
### 2. **GFA and Plot Ratio**:
- **GFA (Gross Floor Area)**: This is the total floor area of a building, including all floors and the thickness of walls. It’s used to determine the total usable space within a property.
- **Plot Ratio**: This is a measure that indicates the maximum allowable built-up area of a property relative to its land area. For example, a plot ratio of 1.0 means that the built-up area can be equal to the land area.
### 3. **Estate in Perpetuity vs. Freehold**:
- **Estate in Perpetuity**: This means that the property is owned indefinitely, but it may come with certain conditions or restrictions imposed by the government or developers.
- **Freehold**: This means you own the property and the land it sits on outright, with no time limit on ownership. It offers more freedom compared to leasehold properties.
I hope this helps clarify things for you! If you have more questions, feel free to ask.
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