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Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1] The terms can also refer to limits imposed on such a ratio through zoning.
Hong Kong law Chapter 123F, Building (Planning) Regulations, Regulation 23 sect 3 sub-paragraph (a) defined that: Subject to sub-paragraph (b), for the purposes of regulations 19, 20, 21 and 22, the gross floor area of a building shall be the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with ...
Urban density is a term used in urban planning and urban design to refer to the number of people inhabiting a given urbanized area. As such it is to be distinguished from other measures of population density. Urban density is considered an important factor in understanding how cities function. Research related to urban density occurs across ...
In commercial real estate in the US, a building's loss factor is the percentage of the building's area shared by tenants or space that are dedicated to the common areas of a building used to calculate the difference between the net (usable) and gross (billable) areas. [19]
List of skyscrapers by floor area. This list of skyscrapers by floor area includes skyscrapers with continuously occupiable floors and a height of at least 350 m. Non-building structures, such as towers, are not included in this list (see list of tallest buildings and structures). Rank. Name. Image.
A residential cluster development, or open space development, is the grouping of residential properties on a development site to use the extra land as open space, recreation or agriculture. It is increasingly becoming popular in subdivision development because it allows the developer to spend much less on land and obtain much the same price per ...
Property sales are usually quoted on prices of built property based on "gross floor area". However, there is no uniform definition of this term in sales documents, nor is there any statute governing such measures. [50] According to the Hong Kong Institute of Surveyors, there has been a wide variation of prices from one project to another.
The degree of utilisation - measured in gross floor area or gross volume area - must be made comparable by use of appropriate conversion coefficients; The size of the parcel of land must be taken into account. Further on the appraiser has to check if there are additional factors that will influence the land value.