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Definitions (24)
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Business park
This refers to areas for non-pollutive industries and businesses that engage in high-technology, research and development, high value-added and knowledge-intensive activities. Science parks where the primary activity is research and development are included in the Business Park category from 3rd Quarter 2002.
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Gross Floor Area
Covered floor space (whether within or outside a building and whether or not enclosed) measured between party walls including thickness of external walls and any open area used for industrial purposes.
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Planned developments
Projects on which construction has not started, comprising new development projects with planning approvals (i.e. Provisional Permission, Written Permission).
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Price
The price agreed between the purchaser and the vendor for property and land. It excludes stamp duties, agency fees, legal and other professional fees.
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rental
The gross rent per month including service charge but excluding Goods and Services Tax (GST).
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Stock
Completed space, whether occupied or unoccupied, that is available for physical occupation.
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UNDER CONSTRUCTION
A project is deemed to be under construction when a permit to commence building works in respect of that building is issued by the Commissioner of Building Control.
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VACANCY RATE
The percentage of the existing stock that is vacant.
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