Available Units: Completed housing units that are available
for physical occupation, including both occupied and unoccupied units.
Also known as stock.
Available Floor Space: Completed, rentable space in non-residential properties, excluding common
areas, that is available for physical occupation, including both
occupied and unoccupied space. Also known as stock.
Available Room Nights: Completed hotel rooms available for occupancy
on a daily basis excluding rooms closed for renovations and staff use as declared in the
Building Plan Approval (Private Sector Only): The approval granted by
the Commissioner of Building Control in respect of building plans and
specifications submitted in accordance with the prescribed building
regulations in force.
Building Commencement: Construction of a building project is
deemed to have commenced when a permit to commence building works in respect of that building is
issued by the Commissioner of Building Control. In the case of a public
sector project for which this permit is not required, the construction
of the building project is deemed to have commenced when the first tender is invited.
Where the contractor is selected by pre-qualification or close tender,
the date on which the contract is awarded is used.
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.
Category 1 Office Buildings: Category 1 office buildings are defined as those located in core business
areas in Downtown Core and Orchard Planning Area which are relatively modern or recently refurbished, command relatively high rentals and have large floor plate size and gross floor area.
Category 2 Office Buildings: These are the remaining office buildings which are not included in Category 1 office buildings.
Caveat: A caveat is usually lodged by the purchaser to protect
his/her interest soon after an option to purchase a property is
exercised or a sale/purchase agreement is signed. We use information
from caveats with "Options exercised" as grounds of claim to
compute our property price indices. As the lodgement of caveats is voluntary,
and there is usually a time-lag of a few months from the point of purchase of a
private residential unit direct from a developer to the lodgement of a caveat for
that unit, the transaction database in REALIS may not reflect all the units sold
directly by developers.
Central Area Outside Orchard: It refers to Central Area Outside Orchard Planning Area. See map of Central Area showing Orchard and Central Area Outside Orchard.
Central Region: Central Region comprises the following 22 Planning Areas : Downtown Core, Orchard,
Marina East, Marina South, Museum, Newton, Outram, River Valley, Rochor, Singapore River, Straits View,
Bishan, Bukit Merah, Bukit Timah, Geylang, Kallang, Marine Parade, Novena, Queenstown, Southern Islands,
Tanglin and Toa Payoh. See map of Central Region.
Core Central Region (CCR): CCR comprises postal districts 9,10, 11, Downtown Core and Sentosa. See map of Core Central Region.
Central Area: It comprises the following 11 Planning Areas :Outram,
Museum, Newton,River Valley, Singapore River, Marina South,Marina East,
Straits View, Rochor, Orchard and Downtown Core.
See map of Central Region By Fringe Area and Central Area.
Change in Available Stock: The increase (or decrease) in the existing
stock between two consecutive quarters. Increase in stock is primarily
due to the completion of new buildings or the addition of space in
existing buildings. Decrease in stock is usually due to the demolition
of existing buildings or change of use.
Change in Occupied Stock: The increase (or decrease) between two
consecutive quarters in the number of residential dwelling units or the
amount of floor space in non-residential properties which is physically
Completed but Unsold Units: Unsold units in completed
residential projects with valid Housing Developer Sale Licences,
including units which are held by developer for rental.
Completed Properties: A building project is deemed completed when the
Temporary Occupation Permit (TOP) or Certificate of Statutory Completion
(CSC) in respect of that building is issued by the Commissioner of
Building Control. Public sector projects are considered completed the
certificate of completion is issued by the architect or engineer in
charge of the project. Completed
properties are referred to as the existing stock.
Development Guide Plan: A detailed plan which provides a clear
direction for the development and use of land specifying land use
zoning, height and development intensity. It shows the development
potential of all land parcels in the area clearly and enables developers
to have a good idea of what they can or cannot build on the land. See Planning
Enbloc Transaction: Refers to the sale of all the units within a housing
development to a single party or a consortium/joint venture, who has the intention
to redevelop the site into a new development. The enbloc transactions are first
identified from caveat data in REALIS when it is observed that caveats are lodged on
all the units within a housing development, usually with prices higher than the
prices reported for past transactions in the same project or prices of similar
projects in the vicinity in the same reference period. These enbloc transactions
are then checked against an internal database of enbloc projects before being
finalised as enbloc transactions in REALIS.
Executive Condominium: A new type of housing introduced by the
government in 1995 to meet the housing aspirations of the growing number
of graduates and young professionals. It is a strata-titled apartment
built by the private sector and has facilities comparable to a private
condominium. However, there are some restrictions attached to it in the
initial years such as eligibility conditions (similar to those for HDB
flats) and a minimum occupation period before the flat can be sold.
Expected Year of Final TOP: The year in which the whole
project will be given the Temporary Occupation Permit. The expected TOP
year is given by developers or architects. Projects with 'na' mean
consent for release was not given by the developer.
Factory Space: This refers to the space used or intended to be
used for industrial purposes, comprising buildings or part of the buildings
used for the manufacturing, altering, repairing, ornamenting, finishing,
cleaning, washing, packing, canning, breaking-up or demolition of any article
or its parts and the processing and treatment of minerals. Factory buildings
are further classified into multiple-user factory, single-user factory
and Business Park.
Fringe Area: This is the area within Central Region, excluding
the Central Area. It comprises the following 11 Planning Areas : Bukit Merah,
Bukit Timah, Queenstown, Kallang, Bishan, Marine Parade, Geylang, Toa Payoh,
Tanglin, Novena and Southern Islands. See map of Central Region.
Government Land Sales Projects: Projects that are developed on land
sold by the Government through the Government Land Sales (GLS) programme.
Sites are usually sold on 99-year leases for commercial, hotel and
private residential development whereas leases for industrial sites are
usually for 60 years.
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
Gross Lettings: Both paid and
complimentary lettings of hotel rooms as enumerated at midnight.
Hotel Rooms: Rooms specifically designed and constructed or
substantially adapted to be used to accommodate persons for the purpose
of gain or profit, with provision for a bar and restaurant.
Housing Developer Sale Licence: The licence that a developer has to
obtain if it wishes to sell units in residential projects of more than 4
units before they are completed. This licence is issued by the
Controller of Housing and is one of the pre-requisites for sale. Another
pre-requisite is the approval of the building plans of the
development. See Pre-Requisites for Sale.
Industrial Properties: This refers to factory space and warehouse
Landed Property: This refers to detached houses, semi-detached
houses, terrace houses, townhouses, strata bungalows and cluster
Median Price Per Square Metre: For detached, semi-detached and
terrace houses, the median price per square metre is computed based on
their land area. For strata sub-divided properties, such as apartments,
condominiums, cluster housing and townhouses, the median price per
square metre is computed based on their strata floor area.
Multiple User Factory: This refers to a factory building
that is capable of being strata subdivided and thus could be used by multiple users
Nett Floor Area: All covered floor space available on an exclusive basis to occupiers in a building excluding common areas viz: staircases, lifts, common passageways and corridors.
Non-Landed Property: This refers to apartments and condominium
New Sale: The sale of a unit direct by a developer before the issuance of the Certificate of Statutory Completion and the Subsidiary Strata Certificates of Title or the Certificates of Title for all the units in the development.
Occupancy Rate: The percentage of the existing stock that is
occupied. Occupancy rate is used for hotel rooms (see Vacancy
Occupied Units/Space: Available units/space that are/is physically
occupied by owners or tenants.
Office Space: The space used or intended to be as a place of business
and for conducting administrative work such as agency, banking, legal,
architectural, engineering and other professional services. Commercial
schools are excluded.
Outside Central Area: It comprises the Fringe Area (part of Central Region), East Region,
North East Region, North Region and West Region.
Outside Central Region (OCR): OCR refers to the planning areas which are outside the Central Region.
Ownership of Private Residential Unit: The residential status of the
individual purchasers of uncompleted private residential or owners of
completed private residential units, categorised as either Singapore
citizens, Singapore permanent residents or foreigners. If the unit is
bought or owned by a business establishment, it is classified as being
bought or owned by a 'Company'.
Planned Developments: Projects on which construction has not started,
comprising projects with planning approval or are under consideration,
as well as public projects and projects on Government Land Sales sites
for which plans have not been submitted to URA for planning approval.
Planning Region: Singapore is divided into 5 areas
called planning regions to facilitate the planning of the use and
development of land for the whole of Singapore. The 5 regions are
Central Region, East Region, North East Region, North Region and West
Region. Each Planning Region consists of several
planning areas which are further divided into sub-zones. A Development
Guide Plan (DGP) is prepared for each planning area (see Development
Pre-Requisites for Sale: The requirements that developers of
residential projects must meet before they can sell their residential
units; namely the Housing Developer Sale Licence and the Building Plan
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.
Private Land Projects: Projects that are developed on privately-owned
Private Sector: This refers to individuals, organisations or
companies registered with Accounting and Corporate Regulatory Authority
(ACRA). It includes clan associations and other organisations
registered under the Societies Act, Charities Act, Cooperative Societies Act,
Price Index: The ratio of the current price per square metre
compared to that in the 4th Quarter of 1998. It is used to monitor the
movement of industrial properties in Singapore.
Provisional Permission: This refers to the conditional approval
granted by the Minister for National Development or the Competent
Authority to develop any land subject to conditions in accordance with
the development rules in force.
Public Sector: This refers to the public authorities, which are
government ministries, departments or statutory boards created by an Act
Rental: The gross rent per month including service charge but excluding
Goods and Services Tax (GST).
Rental Index: The ratio of the current rental per square metre per month compared with that in 4th Quarter 1998.
It is used to monitor the general rental movement of private properties in Singapore.
Resale: The sale of a unit by a developer or subsequent purchaser after the issuance of the Certificate of Statutory Completion and the Subsidiary Strata Certificates of Title or the Certificates of Title for all the units in the development.
Residential Unit: A building or a contiguous space in part of a
building used for housing. It can be a detached house, semi-detached
house, terrace house, townhouse, apartment, condominium, strata detached,
strata semi-detached or cluster housing unit.
Rest of Central Area: It comprises the following 9 Planning Areas :Outram,
Museum, Newton,River Valley, Singapore River, Marina South,Marina East,
Straits View and Rochor. It excludes the Orchard and Downtown Core Planning Areas.
Rest of Central Region (RCR): RCR refers to the rest of Central Region which are outside postal districts 9, 10, 11, Downtown Core and Sentosa.
Retail Space: This refers to the space used for shop, food & beverage (F&B), entertainment and health & fitness purposes.
Single User Factory: This refers to a factory building that has a single
occupier and is used for a purpose solely related to that occupier.
Shop Space: The space used or intended to be used for any trade where
the primary purpose is the sale of goods by retail, for example,
provision shop, take-away food shop, departmental store. Space used for
the provision of services, such as tailoring, barber/beauty salon and
photographic are also included.
Sold: A unit is considered to be sold when the developer has given
the purchaser the option to purchase upon payment of a booking fee.
State Land: Land leased directly from the Singapore Land
Authority (SLA), JTC Corporation, and the
Housing and Development Board (HDB).
Stock: Completed units or space, whether
occupied or unoccupied, that is available for
Subsale: The sale of a unit by one who has signed an agreement to purchase the unit from a developer or a subsequent purchaser before the issuance of the Certificate of Statutory Completion and the Subsidiary Strata Certificates of Title or the Certificates of Title for all the units in the development.
Sub-Zone: See Planning Region.
Supply in the Pipeline: The supply of space in approved or planned
projects which are under construction as well as those on which
construction has not started yet.
Time Series: A set of data which shows how the value of a variable
changes over time.
TOP Date: The last date that a Temporary Occupation
Permit was issued for a completed project or the latest date a Temporary
Occupation Permit was issued for a partially completed project.
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.
Vacancy Rate: The percentage of the existing stock that is vacant.
Vacancy rates are used for private residential properties, office space,
shop space, factory space and warehouse space (see Occupancy
Vacant Units/Space: Available units/space that are/is not
Warehouse Space: Covered space used or intended to be used
predominantly as storage area for raw materials, semi-finished or
finished goods. The statistics exclude space in shophouses used for
Written Permission: The approval granted by the
Minister for National Development or the Competent Authority to develop
any land subject to conditions in accordance with the development rules