Is the transaction price per square foot for the above industrial deals in Ubi based on land area or floor area?

For standalone factory transactions in Singapore, the price per square foot (psf) is commonly based on the gross floor area (GFA) of the building unless specifically stated as based on land area. This is the standard approach for industrial property transactions, as it allows buyers and sellers to compare values efficiently across different buildings and sites. When reviewing industrial listings or transaction records, the psf indicated typically refers to the built-up (floor) area of the factory, not the land area. However, in some rare cases—such as for redevelopment sites or land sales—the psf may be quoted based on the land area, but this will be clearly specified if so.

For clarity when reviewing recent transactions or listings on EdgeProp Singapore, always check the accompanying notes or details. If it states "psf (built-up)" or "psf (GFA)", it is based on floor area. If it states "psf (land)", then it is based on the land area. For standalone factories in Ubi or elsewhere, almost all sales are quoted on a per floor area basis unless otherwise specified.