GLOSSARY
Sales DeedA sales deed is a legal document that transfers ownership of real property from a seller to a buyer. It serves as evidence of the sale transaction and typically includes details such as the property description, purchase price, buyer and seller information, and terms and conditions of the sale. |
Second GenerationIt refers to existing or previously occupied office space that becomes available for lease or sale after the departure of the original tenant. Second-generation spaces may require renovation or refurbishment to meet the needs of new tenants. |
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Security DepositIt is a sum of money paid by a tenant to a landlord or property owner as a form of financial security against potential damages, default, or breaches of the lease agreement. |
SetbackIt is the minimum distance required by zoning regulations or building codes between a building or structure and the property boundary line, street, or neighbouring properties. Setbacks help ensure adequate space for light, air, privacy, and safety. |
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SGD PharmaSGD Pharma is a company that specializes in manufacturing pharmaceutical glass packaging solutions for the pharmaceutical industry. In commercial real estate, SGD Pharma may be involved in leasing or owning industrial facilities for manufacturing or distribution purposes. |
Site PlanA site plan is a detailed architectural drawing or diagram that shows the layout, design, and features of a property or development within its surrounding context. |
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SkycellA specialized type of storage unit or container designed for use in high-rise buildings or urban environments, particularly for commercial or residential properties with limited floor space or accessibility. |
Soft LaunchA soft launch in commercial real estate refers to a preliminary or limited release of a new development or project to a select group of buyers or investors before its official public launch. Soft launches may involve offering exclusive access or incentives to early adopters or VIP clients. |
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SpaceThe physical area or square footage within a property or building that is available for occupancy, use, or lease by tenants. Space may include office space, retail space, industrial space, or other types of commercial premises. |
SpeedInfraA company or technology platform that offers solutions or services related to infrastructure development, construction management, or project delivery. |
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Stamp DutyRefers to a government tax or fee imposed on certain documents, instruments, or transactions related to real estate, such as property sales deeds, leases, mortgages, or transfer documents. Stamp duty rates and regulations vary by jurisdiction. |
Steel StructureA building or structure that is primarily constructed using steel framing or structural components. |
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Stilt ParkingCovered parking spaces located on the ground floor or elevated platform of a building, typically below the main residential or commercial floors. Stilt parking provides convenient parking options while maximizing land use efficiency. |
Strata TitleIt refers to a form of property ownership where individual units within a multi-unit development, such as condominiums or apartment buildings, are owned separately by individual owners, while common areas and facilities are jointly owned by all unit owners. |
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SubleaseIt refers to a lease agreement between a primary tenant (sublessor) and a secondary tenant (sublessee) for all or part of the leased premises. Subleases are typically negotiated between tenants and may require the consent of the landlord. |
SustainabilityIt refers to the practice of developing, managing, and operating properties in a way that minimizes negative environmental impacts, conserves natural resources, and promotes long-term economic viability. |
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