EFFECT OF THE GENERAL REVALUATION ON
GOVERNMENT RENT ON MAIN PROPERTY CLASSES
|
|
2000-2001
|
| Property Type |
Average Reduction
in Rateable Value(6) |
New Average
Rent Payable |
Savings |
|
% |
$ per
month |
$ per
month |
Small Domestic Premises(1)
(Private) |
2 |
162 |
3 |
Medium Domestic Premises(1)
(Private) |
4 |
332 |
14 |
Large Domestic Premises(1)
(Private) |
5 |
700 |
40 |
Public Domestic Premises(2)
|
2 |
99 |
2 |
All Domestic Premises(3)
|
2 |
173 |
4 |
Shops and Commercial Premises
|
6 |
769 |
51 |
Offices
|
19 |
1,112 |
266 |
Industrial Premises(4)
|
13 |
441 |
65 |
All Non-domestic Premises(5)
|
7 |
758 |
56 |
All Properties
|
4 |
267 |
12 |
| (1) |
Domestic units are classified by relation to saleable
areas as below : |
|
Small domestic |
up to 69.9 m2 |
(up to 752 sq. ft.) |
|
Medium domestic |
70 m2 to 99.9 m2 |
(753 sq. ft. - 1,075 sq. ft.) |
|
Large domestic |
100 m2 and over |
(1,076 sq. ft. and above) |
| (2) |
Including Housing Authority and Housing
Society rental units which are subject to Government rent |
| (3) |
Including car parking spaces |
| (4) |
Including factories and storage premises |
| (5) |
Including miscellaneous premises such as
hotels, cinemas, petrol filling stations, schools, car parking spaces |
| (6) |
The rateable values for 2000-2001 reflect the
changes in open market rental values from 1 October 1998 to 1 October 1999 |
|
