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REID Glossary

Average Daily Rate

The average price per night of a rental property (short term and long term).

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Build SQM

Build SQM refers to the total floor area of a building or a property, measured in square meters. This measurement includes all usable spaces within the structure, such as living areas, bedrooms and dining rooms.

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Clearance Rate

The percent of properties sold in comparison to the total available properties on the market over a specified period of time.

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Discount Rate

The percent change between sold price compared to listed price.

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Floor Space Ratio (FSR)

The relation of build size compared to land size expressed as a percentage.

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Freehold Property

A freehold property refers to a type of property ownership where the owner has an indefinite ownership of both the property and the land on which it stands. In this style of ownership, the owner possesses the most extensive interest in land and property that is available, allowing for full control without any time limit.

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Leasehold Property
A leasehold property refers to a type of property ownership where an individual or entity (the leaseholder or lessee) agrees to a set of terms and conditions of a lease agreement, for the right to use and occupy property or land for the lease specified period of time.
 

Lease Term
The number of years remaining on a leasehold ownership contract. The lease term is the number of years available for the leaseholder or lessee to exercise their rights of use and occupation over the defined area, building and/or amenity.


Listing Price
The price that a property is listed for by an owner and/or real estate agency.

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Market

Market as defined by REID refers to the total real estate in Bali. See REID’s Region Map.

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Mean (Average)

The mean, also known as the average, is a statistical measure that represents the central value of a data set. It is calculated by summing all the values in the data set and then dividing by the number of values.

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Median

The median is a statistical measure that represents the middle value in a data set when the values are arranged in ascending or descending order.

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Neighborhood

Neighborhood as defined by REID as the suburbs or areas within the regions. See REID’s Region Map.

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New Listings

New listings refer to properties that have recently been made available for sale or rent and have been added to the market. These listings provide relevant detailed information about the property to potential purchasers or tenants.

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Occupancy Rate

The percentage of days in a year that a rental property (short term and long term) is occupied.

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Price Distribution
The distribution of the volume of sale prices across a property related metric like bedroom number or region.

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Price Per Square Meter
Price per SQM of a property is in relation to its size. It is calculated by dividing the total price of the property by its total area in square meters. This measure allows for easy comparison of property values, regardless of the overall size of the properties being compared.

Quarter on Quarter (QoQ)

A comparison of performance from one quarter and the previous quarter

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Region

Region as defined by REID are the key areas that make up the total market and are separated by geographical boundaries. See REID’s Region Map.

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Rental Property
Rental property refers to real estate that is owned by an individual or entity and leased or rented out to tenants for residential or commercial use. The owner of the property receives periodic or upfront payments from the tenants, known as rent, in exchange for the right to use and occupy the property. Rental properties can vary in duration of occupancy in the form of short term and long term rentals.


Rental Revenue
Rental Revenue refers to the income generated from leasing or renting out a property.

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Sales Distribution

The distribution of the number or proportion of property transactions across price.


Sale Price
The price that a property is sold for by an owner and/or real estate agency.


Year on Year (YoY)
A comparison of performance from one year and the previous year

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