The Economic Daily article points out that shared area has always been a headache for home buyers. In fact, a smaller shared area is not necessarily better; a reduction in the size of some public areas may indicate a decline in living quality. The opacity and inconsistency of the shared area is the fundamental issue criticized by many home buyers. When home buyers receive their property, situations often arise where the usable area is low and the actual living space is relatively small. Transacting residential buildings based on usable area has many benefits. Calculating by usable area is the international standard practice. Standardizing the calculation of residential transaction area based on usable area helps improve the alignment of China’s Engineering & Construction standards with international practices. Trading based on usable area contributes to the standardization and transparency of housing transactions. Clearly defining transactions based on usable area from a technical perspective helps reduce area disputes in trades, allowing LBX Pharmacy Chain Joint Stock to purchase homes with clarity, and this, to a certain extent, favors consumer rights protection. Trading based on usable area can become a source of competitiveness for commodity housing. The supply-demand relationship in China’s Real Estate market has undergone significant changes, gradually shifting from a seller's market to a buyer's market. The arrival of a buyer's market may serve as a driving force for trading commodity housing based on usable area. (Economic Daily)
经济日报:住宅以套内面积交易或成趋势
Economic Daily: Trade based on the usable area of the Residence may become a trend.
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