Market data
Price per Square Foot
Price per square foot is a property's price divided by its area, used to compare value across units of different sizes.
Price per square foot (or per square metre) normalises price by area so buyers can compare a small apartment against a large villa or benchmark a unit against its building and area. Its accuracy depends on which area basis is used, so BUA-based and usable-area-based figures are not directly comparable and should be stated consistently. It is a core metric in comparables analysis, but it should be read alongside factors like floor, view, condition, and service charges.
Related terms
- Comparable (Comp) — A comparable is a similar, recently transacted property used as an evidence point to estimate another property's market value.
- GFA / BUA — GFA and BUA measure a property's built area, with BUA (built-up area) covering the total constructed space including walls and shared allowances.
- Median vs Average — The median is the middle value in a set of prices while the average is the arithmetic mean; the median resists distortion from extreme deals.
- Gross Yield — Gross yield is annual rental income divided by the property's purchase price, expressed as a percentage before any costs.