Rating and Valuation Department

Summary Statistics on Valuation List and Government Rent Roll

Table 1
Valuation List - Number of Assessments and Aggregated Rateable Values from 2008/09 to 2012/13 (Position as at 1 April)
Year	2008/09	2009/10	2010/11	2011/12	2012/13^#
No. of Assessments	2,309,837	2,332,208	2,350,445	2,369,205	2,385,177
% Change	+1.1%	+1.0%	+0.8%	+0.8%	+0.7%
Aggregated Rateable Values ($ billion)	376	369	378	425	475
% Change	+10.3%	-1.9%	+2.4%	+12.4%	+11.8%

# Position as at 12 March 2012

Table 2
2012/13 Valuation List - Distribution of Assessments and Rateable Values by District (Position as at 12 March 2012)
District	Number	%	Rateable Value ($'000)	%
Hong Kong	548,844	23.0	172,155,255	36.2
Kowloon	679,021	28.5	137,096,288	28.8
New Territories	1,157,312	48.5	166,169,876	35.0
Overall	2,385,177	100.0	475,421,419	100.0

Table 3
2012/13 Valuation List - Rateable Value of Domestic Units in Selected Developments
Development Name	Range of Saleable Area	No. of Assessments	Average Saleable Area (m²)	Rateable Value ($)
Development Name	Range of Saleable Area	No. of Assessments	Average Saleable Area (m²)	25th-Percentile Assessment	Median Assessment	75th-Percentile Assessment
Taikoo Shing	Less than 70.0m²	9,397	58.3	171,120	187,320	213,360
	70.0m² - 99.9m²	2,683	82.6	267,000	286,200	300,000
	100.0m² or above	609	103.6	396,900	402,900	409,800
Kornhill	Less than 70.0m²	6,022	53.5	139,200	154,440	182,280
	70.0m² - 99.9m²	552	81.3	268,200	274,800	288,000
	100.0m² or above	32	103.8	317,400	352,500	352,500
Heng Fa Chuen	Less than 70.0m²	5,627	51.9	130,680	150,480	169,080
	70.0m² - 99.9m²	681	79.3	264,000	276,900	282,900
	100.0m² or above	Note (v)	-	-	-	-
South Horizons	Less than 70.0m²	7,427	58.6	134,520	148,440	165,360
	70.0m² - 99.9m²	1,777	78.7	215,880	239,160	251,100
	100.0m² or above	28	114.3	319,200	372,000	410,100
Whampoa Garden	Less than 70.0m²	7,098	52.1	118,920	140,760	157,200
	70.0m² - 99.9m²	3,183	75.3	172,800	188,520	203,760
	100.0m² or above	Note (v)	-	-	-	-
Telford Gardens	Less than 70.0m²	4,064	49.3	109,560	114,120	119,520
Telford Gardens	100.0m² or above	Note (v)	-	-	-	-
Mei Foo Sun Chuen	Less than 70.0m²	9,689	58.2	125,640	143,160	154,440
	70.0m² - 99.9m²	2,571	84.2	190,200	206,040	223,200
	100.0m² or above	856	120.0	268,500	331,800	357,300
Metro City	Less than 70.0m²	6,768	45.4	99,000	114,840	136,440
Sunshine City	Less than 70.0m²	4,646	41.1	85,800	93,240	122,400
Sunshine City	70.0m² - 99.9m²	113	86.0	217,320	221,040	224,880
Kingswood Villas	Less than 70.0m²	15,442	50.5	55,440	62,280	65,520
	70.0m² - 99.9m²	61	90.1	120,600	123,960	126,240
	100.0m² or above	178	119.1	149,880	154,680	168,120

Notes:

(i) The Valuation List was declared by the Commissioner of Rating and Valuation on 1 March 2012. The information reflects the data image on 1 March 2012 and displayed for public viewing from 12 March 2012 to 31 May 2012. The information is not updated as a result of any subsequent changes to the Valuation List.

(ii) Definition of Saleable Area : Saleable area is defined as the floor area exclusively allocated to the unit including balconies, utility platforms and other similar features but excluding common areas such as stairs, lift shafts, pipe ducts, lobbies and communal toilets. It is measured to the exterior face of the external walls and walls onto common parts or the centre of party walls. Open yards, bay windows, air-conditioning plant rooms, flower boxes, open terraces, attached roofs and carports are excluded.

(iii) Average Saleable Area indicates the average saleable area of all domestic units within the size range.

(iv) Definition of Percentiles and Median : Within each size range, the assessments are sorted in ascending order of Rateable Value. The 25th percentile, median and 75th percentile assessments represent the respective assessment at that percentile position in the sorting order. Where there are more than one assessment in that percentile position, the higher one is selected. The Rateable Value of each selected assessment is shown in the table.

(v) Rateable Value is not shown if the no. of assessments in the size range is 20 or below.

(vi) The information is released for reference only. The Department in no way warrants the accuracy of the information for any purposes other than rates assessments. The Rateable Value is determined by various factors including the size of a flat, floor level, views, aspect and ancillary accommodation if any, such as flat roofs, yards and carports.

(vii) There is no objection to the reproduction of the information, provided that the source of the data is acknowledged as being Rating and Valuation Department, the Government of the Hong Kong Special Administrative Region.

Table 4
Government Rent Roll - Number of Assessments and Aggregated Rateable Values from 2008/09 to 2012/13 (Position as at 1 April)
Year	2008/09	2009/10	2010/11	2011/12	2012/13^#
No. of Assessments	1,756,760	1,782,712	1,802,091	1,822,546	1,839,499
% Change	+1.6%	+1.5%	+1.1%	+1.1%	+0.9%
Aggregated Rateable Values ($ billion)	202	199	214	250	274
% Change	+12.2%	-1.5%	+7.5%	+16.8%	+9.6%

# Position as at 12 March 2012

Table 5
2012/13 Government Rent Roll - Distribution of Assessments and Rateable Values by District (Position as at 12 March 2012)
District	Not Exceeding Minimum Rateable Value*		Above Minimum Rateable Value
District	Number	%	Number	%	Rateable Value ($'000)	%
Hong Kong	289	0.2	119,530	7.1	41,649,264	15.2
Kowloon	765	0.5	447,832	26.5	84,627,847	30.9
New Territories	151,331	99.3	1,119,752	66.4	147,596,216	53.9
Overall	152,385	100.0	1,687,114	100.0	273,873,327	100.0

* Where the rateable value of a property does not exceed the Minimum Rateable Value of $3 000, the rateable value for Government rent purposes is deemed by law to be $1 and the Government rent payable if demanded would be 3 cents per annum. In practice, no rent demands are issued for such cases.

Technical Note:
Due to rounding, there may be a slight discrepancy between the sum of individual items and the total shown in the Tables.

(i)	The Valuation List was declared by the Commissioner of Rating and Valuation on 1 March 2012. The information reflects the data image on 1 March 2012 and displayed for public viewing from 12 March 2012 to 31 May 2012. The information is not updated as a result of any subsequent changes to the Valuation List.
(ii)	Definition of Saleable Area : Saleable area is defined as the floor area exclusively allocated to the unit including balconies, utility platforms and other similar features but excluding common areas such as stairs, lift shafts, pipe ducts, lobbies and communal toilets. It is measured to the exterior face of the external walls and walls onto common parts or the centre of party walls. Open yards, bay windows, air-conditioning plant rooms, flower boxes, open terraces, attached roofs and carports are excluded.
(iii)	Average Saleable Area indicates the average saleable area of all domestic units within the size range.
(iv)	Definition of Percentiles and Median : Within each size range, the assessments are sorted in ascending order of Rateable Value. The 25th percentile, median and 75th percentile assessments represent the respective assessment at that percentile position in the sorting order. Where there are more than one assessment in that percentile position, the higher one is selected. The Rateable Value of each selected assessment is shown in the table.
(v)	Rateable Value is not shown if the no. of assessments in the size range is 20 or below.
(vi)	The information is released for reference only. The Department in no way warrants the accuracy of the information for any purposes other than rates assessments. The Rateable Value is determined by various factors including the size of a flat, floor level, views, aspect and ancillary accommodation if any, such as flat roofs, yards and carports.
(vii)	There is no objection to the reproduction of the information, provided that the source of the data is acknowledged as being Rating and Valuation Department, the Government of the Hong Kong Special Administrative Region.