What is Contracted Sales Area?

857 reads · Last updated: December 5, 2024

Contracted sales area refers to the building area specified in the real estate sales contract signed between the developer and the buyer. It includes not only the actual usable area, but also the common area and the apportioned area. In the real estate market, contracted sales area is one of the important indicators to measure the sales volume of real estate projects.

Definition

The contractual sales building area refers to the building area agreed upon in the house purchase contract between the developer and the buyer. It includes not only the actual usable area but also the area of public parts and shared areas. In the real estate market, the contractual sales building area is an important indicator for measuring the sales volume of real estate projects.

Origin

The concept of contractual sales building area developed alongside the real estate market. Initially, real estate transactions focused mainly on the actual usable area, but as the market matured, the value of public parts and shared areas became recognized, making the contractual sales building area a standardized metric.

Categories and Features

The contractual sales building area is typically divided into three parts: actual usable area, public parts area, and shared area. The actual usable area is the space that the buyer can directly use; the public parts area includes areas like staircases and elevators; the shared area is the portion of public areas that the buyer needs to share. The advantage of the contractual sales building area is that it provides a comprehensive measure of the house area, but the downside is that it may lead to misunderstandings about the actual usable area.

Case Studies

Case Study 1: In a large real estate project in Beijing, the developer successfully increased the project's sales volume by 20% through the use of contractual sales building area. Buyers were clearly informed about the specifics of public parts and shared areas in the contract, enabling them to make more informed purchasing decisions.

Case Study 2: In a high-end residential area in Shanghai, the use of contractual sales building area helped the developer allocate the costs of public facilities reasonably, and buyers benefited from higher quality public service facilities.

Common Issues

Common issues include confusion among buyers between the contractual sales building area and the actual usable area. Buyers should carefully read the contract terms to clarify the specific values of each area. Additionally, buyers need to understand the calculation method of the shared area to avoid unnecessary misunderstandings.

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