Other Housing Statistics

- Average Rents and Rental Indices of Fresh and Renewal

  Lettings by Type of Private Non-domestic Premises

Average Rentals and Rental Indices of Fresh and Renewal Lettings by Type of Private Non-domestic Premises
Type 1986 1987 1989 1990 1991 1992 1993 1994 1995* 1996* 1997* 1998* 1999*
Average rentals ($/sq.m. per month)                     嚙瑾 嚙瑾 嚙瑾
   Private retail premises                     嚙瑾 嚙瑾 嚙瑾
      Hong Kong Island - N.A. 520.5 500.5 597.9 741.4 820.2 943.4 1029 986
1105
907
774
      Kowloon - N.A. 612.1 653.1 721.5 834.5 929.5 1033.6 1156 1158
1317
1094
990
      New Kowloon - N.A. 339.2 408.2 470.3 541.2 687.6 729 886 781
892
735
674
      New Territories - N.A. 262.9 291.2 361 437.2 566.6 618 667 716
805
718
668
   Private offices                     嚙瑾 嚙瑾 嚙瑾
      Grade A                     嚙瑾 嚙瑾 嚙瑾
          Sheung Wan 121.2 189.5+ 367.9 364.8 376.3 380.0+ 388.2 479.7 474 398
416
366
269
         Central 183.8 245.6+ 554.4 576.5 501.4 480.9 561.8 731 736 620
682
574
406
         Wan Chai/Causeway Bay 122.8 159 414.8 441.5 387.7 383.1 457.5 586.7 592 510
482
459
289
         Tsim Sha Tsui 171.8 211.7+ 414.4 407.1 376.7 381.9 407.9 488.3 449 377
401
347
267
         Yau Ma Tei/Mong Kok 99.8 135.0+ 299.2 350.2 316 371.6 399.3 454.4 464 358
341
311
233
   Grade B                     嚙瑾 嚙瑾 嚙瑾
          Sheung Wan 99 126.4 288.5 282.7 278.8 318.8 352 412.3 384 334
343
272
181
         Central 134.9 167.2 390.9 448.1 418.5 409.6 459.7 554.1 585 480
490
427
311
         Wan Chai/Causeway Bay 102.6 130.5 335.2 327.9 310 320.3 359.8 431 432 370
383
322
224
         Tsim Sha Tsui 133.1 168.9 324.1 348.5 334.1 352.7 389.1 446.2 437 362
374
308
234
         Yau Ma Tei/Mong Kok 105.1 118.8 270.9 279.7 287.5 320.7 344.1 377.8 371 308
317
266
213
   Grade C                     嚙瑾 嚙瑾 嚙瑾
          Sheung Wan 70.7 76.3 188.6 195 213 249.6 287.1 321.4 320 284
280
235
183
         Central 93.9 118.7 281.5 298.5 292.4 304.1 327.8 373.8 384 352
359
309
243
         Wan Chai/Causeway Bay 88.9 110.8 244.1 265 265.4 291 332 384.8 404 349
366
308
228
         Tsim Sha Tsui 114.3 132.6 253.2 282.5 295.2 321.1 359.3 412.8 403 337
358
279
232
         Yau Ma Tei/Mong Kok 107.8 128 225.8 272.4 263.6 308.2 326.5 364 351 318
312
263
209

   Private flatted factories

   (upper floor units)

                     嚙瑾 嚙瑾 嚙瑾
      Hong Kong Island 39.6 43.5 91.2 90.7 104.1 111.7 137.2 140.9 144 137
142
127
97
      Kowloon 43 41.1 94.9 97 102.6 110.4 123.5 123.5 130 111
108
98
79
      New Kowloon 43.6 48 82.1 91.7 97 106.8 133.3 144.9 144 133
134
125
100
      New Territories 31.6 42.1 62.6 68.5 72.5 78.2 90.2 92.1 96 90
93
81
70
Rental indices (1989=100)                     嚙瑾 嚙瑾 嚙瑾
   Private retail premises 61 69 100 112 126 149 167 192 192 192
203
186
166
   Private offices (Grade A, B and C) 38 48 100 101 95 101 110 134 132 112
115
100
74

   Private flatted factories

   (upper-floor units)

 47 55 100 105 109 117 129 133 131 118
118
106
89


Notes:
From 1991, average rents for office have been compiled in respect of units re-graded according to revised grading criteria.  They are not strictly comparable to earlier figures.
From 1989, the indices for retail premises refer to all types of retail premises.  They are not strictly comparable to the earlier indices which are in respect of shop premises with street frontage only.
+Average rents derived from less than 20 transactions.

Source: Rating and Valuation Department
*Source of Statistics in Year 1995-1999: Rating and Valuation Department (Enquiry Telephone No.: 21508903/ 21508901), cited in Hong Kong Government Census and Statistics Department (2000), Hong Kong Annual Digest of Statistics, 2000 Edition. Hong Kong: Hong Kong Government Printer, p.142.