PROPERTY MARKET STATISTICS

Notes

Changes in average prices between different periods may be due to variations in the characteristics of the different  properties being analysed, and should not be taken as necessarily indicating a general change in value over the period.  To measure price changes over the relevant periods, please refer to the price indices.

Grade A - modern with high quality finishes; flexible layout; large floor plates; spacious, well decorated lobbies and circulation areas; effective central air-conditioning; good lift services zoned for passengers and goods deliveries; professional management; parking facilities normally available.

Grade B - ordinary design with good quality finishes; flexible layout; average-sized floor plates; adequate lobbies; central or free-standing air-conditioning; adequate lift services, good management; parking facilities not essential.

Grade C - plain with basic finishes; less flexible layout; small floor plates; basic lobbies; generally without central air-conditioning; barely adequate or inadequate lift services; minimal to average management; no parking facilities.

Since April 2000, average rents/prices have been compiled in respect of units graded according to revised grading criteria. They are not strictly comparable to earlier figures.

Source: Rating and Valuation Department