Can use one’s property upside down?

Geminiboy

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A beauty salon owner bought a commercial unit at D’Leedon condominium for nearly $1.6 million, assuming that the size of the premises was 818 sq ft.

However, the usable floor area of the unit turned out to be just 619 sq ft.

The discrepancy arose because of the unique manner in which the lot area is calculated for properties with sloping walls, meaning there is a difference between ceiling and floor areas.

For such properties, the lot area – as set out in the title documents and commercial listing portals – is calculated based on the larger of the two.

In this case, it was the ceiling area that was 818 sq ft.

IMG-4646.jpg


https://www.straitstimes.com/singap...tate-agent-era-in-rare-case-of-size-disparity
 

buttbERry

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wow like that count can meh

For such properties, the lot area – as set out in the title documents and commercial listing portals – is calculated based on the larger of the two.
 

Joseph12

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A beauty salon owner bought a commercial unit at D’Leedon condominium for nearly $1.6 million, assuming that the size of the premises was 818 sq ft.

However, the usable floor area of the unit turned out to be just 619 sq ft.

The discrepancy arose because of the unique manner in which the lot area is calculated for properties with sloping walls, meaning there is a difference between ceiling and floor areas.

For such properties, the lot area – as set out in the title documents and commercial listing portals – is calculated based on the larger of the two.

In this case, it was the ceiling area that was 818 sq ft.

IMG-4646.jpg


https://www.straitstimes.com/singap...tate-agent-era-in-rare-case-of-size-disparity
Hope the agent did advise the buyer
If not you'll get one pissed buyer
 
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