In an effort to make property sizes more comparable and remove the frustrations surrounding vaguely defined ‘Gross Floor Area’ figures, the Estate Agents Authority (EAA) has implemented a new regulation forcing agencies to include the ‘Saleable Area’ of a property on all marketing material.
This is defined as: the floor area of a unit, including
balconies, utility platforms and verandahs, but exclusive of
“other areas” inc. bay windows, car-parking spaces, yards, terraces, gardens, roofs and air-conditioning rooms etc.
The new regulation is due to take effect from January 1st 2013. For more details, see http://www.eaa.org.hk/Portals/0/Sections/CC/2012_May/20120522e.pdf