Video description from @notgpodcast
This episode from NOTG (Nuggets on the go) delves into the recent changes in real estate regulations concerning the harmonisation (new harmonisation rule) of what is included in a condo's saleable square footage. The hosts discuss how aircon ledges, previously counted in the Gross Floor Area (GFA), are now excluded, leading to an apparent increase in the price per square foot (PSF). This segment explains why, despite the physical size of units remaining the same, the recalculated smaller square footage results in a higher PSF, impacting overall pricing and buyer perceptions. This insightful discussion is crucial for anyone looking to understand the dynamics of current real estate pricing and how these regulatory changes could affect their property investment decisions.
