BSP
Basic Sale Price
The base price of a property before applicable additional charges and taxes.
Detailed Explanation
Basic Sale Price, commonly abbreviated as BSP, generally refers to the base price of a property before additional charges such as location charges, parking, maintenance deposits, taxes or other applicable costs.
In Plain Terms
BSP is the starting price of the property. The final amount you pay can be higher after adding taxes, parking, maintenance and other charges.
The components excluded from or included in BSP can vary according to the seller's or developer's pricing structure.
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.