EFFECT OF THE GENERAL REVALUATION ON GOVERNMENT RENT
ON MAIN PROPERTY CLASSES
|
| |
1999-2000
|
| Property Type |
Average Reduction
in Rateable Value |
New Average
Rent Payable |
Savings |
|
% |
$ per
month |
$ per
month |
|
|
|
|
Small Domestic Premises(1)
(Private) |
17 |
165 |
34 |
Medium Domestic Premises(1)
(Private) |
22 |
346 |
99 |
Large Domestic Premises(1)
(Private) |
21 |
735 |
198 |
Public Domestic Premises(2)
|
21 |
100 |
26 |
All Domestic Premises(3)
|
18 |
178 |
40 |
Shops and Commercial Premises
|
10 |
812 |
95 |
Offices
|
24 |
1,242 |
387 |
Industrial Premises(4)
|
21 |
493 |
133 |
All Non-domestic Premises(5)
|
12 |
814 |
109 |
All Properties
|
15 |
284 |
51 |
- 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)
|
- Including Housing Authority and Housing Society rental units which are subject to Government rent
- Including car parking spaces
- Including factories and storage premises
- Including miscellaneous premises such as hotels, cinemas, petrol filling stations, schools, car parking spaces
|
