What Does It Mean?
Price per Square Foot (PSF) is the unit price of a property divided by its floor area in square feet. It is the standard metric used to compare properties of different sizes on an apples-to-apples basis.
How Is It Calculated?
A condo priced at $1,500,000 with 1,000 sqft has a PSF of $1,500.
Worked Example
A 1,000 sqft condo at $1,500,000 works out to $1,500 per square foot.
Why It Matters
PSF is the single most important metric for comparing property values. Without it, comparing a 500-sqft studio to a 2,000-sqft penthouse would be meaningless. Always check PSF alongside absolute price when evaluating a condo.
Where to Find This on ShiokNest
- Property detail pages
- All calculators and charts
Look for the tooltip icon next to this metric on ShiokNest for a quick reminder of its definition.
Official Sources
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Frequently Asked Questions
Is higher PSF always better?
Should I use strata area or carpet area for PSF?
This glossary article is auto-generated from ShiokNest's financial data and updated periodically. Rates and figures are current as of March 2026. Check official sources for the latest.