Industry & regulation

Co-broking

Co-broking is when two or more property agents, each representing a different party, work together on one transaction, for example the seller's agent and the buyer's agent.

CEA

The Council for Estate Agencies (CEA) is the statutory board that regulates Singapore's real estate agency industry.

GFA

Gross floor area (GFA) is the total covered floor space of a building, including half the thickness of its external walls but excluding voids, as defined by URA.

GPR

Gross plot ratio (GPR) is the ratio of a building's gross floor area (GFA) to the area of its site.

LBC

The Land Betterment Charge (LBC) is a charge on the increase in land value when the Government allows land to be used in a more valuable way, for example through planning permission to build more intensively or for a higher-value use.

Master Plan

The Master Plan is Singapore's statutory land use plan, prepared by URA.

Property Agent

A property agent, officially a real estate salesperson (RES), is a person registered with the Council for Estate Agencies (CEA) to help clients buy, sell or rent property, working through a licensed estate agency.

Property Cooling Measures

Property cooling measures are rules the Singapore Government uses to keep the housing market stable, mainly through stamp duties (ABSD and SSD) and loan limits (LTV, TDSR and MSR).