Glossary / Abbreviations

To help you understand the some of the terminology and 'jargon' that may be used when purchasing a property, we have complied this listing.

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uc, u/c - under cover

Unit Trust - is a type of managed fund in which money is pooled and managed by a professional investor. The unit trust is unitised, with each investor getting units proportional to their investment. Subsequent returns to the investor are based on the number of units they hold

units of comparison - The components into which a property may be divided for purposes of comparison; e.g., price per square foot, front foot, cubic foot, room, bed, set, apartment unit.

upstrs - upstairs