Asked by chan
what is the mean of price(psf) ?
53212 views
4 Answers
PSF = Per Sq foot
PSM = Per Sq Meter
Kevin Chung B. Info Tech, Cert-in-CES
DTZ Debenham Tie Leung (SEA) Pte Ltd
HP: +65 96855070 Read More
PSM = Per Sq Meter
Kevin Chung B. Info Tech, Cert-in-CES
DTZ Debenham Tie Leung (SEA) Pte Ltd
HP: +65 96855070 Read More
Price per Square Foot (PSF) refers to the cost of a property per unit of usable area. It's a common metric used in Singapore and many other places to compare property values, especially for residential and commercial real estate.
Here's a breakdown of what PSF means:
* **Price:** This refers to the total selling price or asking price of the property.
* **Square Foot (SF):** This is a unit of area measurement. One square foot equals 144 square inches.
**PSF Calculation:**
To calculate the price per square foot, you simply divide the total property price by the usable floor area:
**PSF = Total Price of Property (in $) / Usable Floor Area (in Square Feet)**
For example, if a condominium unit has a total price of $1,000,000 and a usable floor area of 1,200 square feet, the price per square foot (PSF) would be:
**PSF = $1,000,000 / 1,200 sq ft = $833.33 per sq ft**
**Benefits of Using PSF:**
PSF is a helpful metric because it allows you to:
* **Compare Properties Easily:** You can compare the cost of different properties regardless of their total size by looking at their price per square foot.
* **Evaluate Property Value:** A higher PSF generally indicates a more expensive property per unit of usable space.
**Important Points:**
* **Usable vs. Total Area:** Keep in mind that PSF typically refers to the usable floor area, which excludes common areas like hallways, balconies, or carpark spaces. The usable area might be slightly less than the total floor area of the property.
* **Negotiation Tool:** Understanding PSF can be a valuable tool during property negotiations. You can use it to assess whether the asking price is reasonable based on comparable properties in the same area with similar sizes.
**In conclusion,** PSF is a simple yet crucial metric for understanding property values in Singapore and many other real estate markets. It helps buyers compare properties and make informed decisions based on price and usable space.
My Answer with regards to your Question:
Allow me Assist Further Read More
Here's a breakdown of what PSF means:
* **Price:** This refers to the total selling price or asking price of the property.
* **Square Foot (SF):** This is a unit of area measurement. One square foot equals 144 square inches.
**PSF Calculation:**
To calculate the price per square foot, you simply divide the total property price by the usable floor area:
**PSF = Total Price of Property (in $) / Usable Floor Area (in Square Feet)**
For example, if a condominium unit has a total price of $1,000,000 and a usable floor area of 1,200 square feet, the price per square foot (PSF) would be:
**PSF = $1,000,000 / 1,200 sq ft = $833.33 per sq ft**
**Benefits of Using PSF:**
PSF is a helpful metric because it allows you to:
* **Compare Properties Easily:** You can compare the cost of different properties regardless of their total size by looking at their price per square foot.
* **Evaluate Property Value:** A higher PSF generally indicates a more expensive property per unit of usable space.
**Important Points:**
* **Usable vs. Total Area:** Keep in mind that PSF typically refers to the usable floor area, which excludes common areas like hallways, balconies, or carpark spaces. The usable area might be slightly less than the total floor area of the property.
* **Negotiation Tool:** Understanding PSF can be a valuable tool during property negotiations. You can use it to assess whether the asking price is reasonable based on comparable properties in the same area with similar sizes.
**In conclusion,** PSF is a simple yet crucial metric for understanding property values in Singapore and many other real estate markets. It helps buyers compare properties and make informed decisions based on price and usable space.
My Answer with regards to your Question:
Allow me Assist Further Read More
1
I am Sorry that This platform does not allow me to direct contact you.
You can reach me at https://wa.me/6598569255.
Allow me Assist Further Read More
You can reach me at https://wa.me/6598569255.
Allow me Assist Further Read More
1