Special Allowance Adjustment Mechanism - Annual Data
* Provisional Figures
Class C accommodation (70m2 to 99.9m2) 2018
Year Month Hong
Kong
Kowloon New
Territories
2018 1 476     365     264   SA Review to be Undertaken May 2019
2 468     383     260   2018 Average Rental Price Across All Areas: 367.00
3 448     364     260 Rental Price from 2015 Base Year: 340.00 TRUE
4 460     365     266 % Difference: 7.94% * Provisional
5 469     372     263
6 456     381     266 10% Threshold Not Met
7 427     369     277 -- No Change in SA for 2019/2020
8 443     374     285
9 458     385     270
10 468     392     275
11 467   383   271 All
12 432 *   381 *   262 * Areas
Average Rental Price: 456 376 268 367.00
* Provisional Figures
Class C accommodation (70m2 to 99.9m2) 2017
Year Month Hong
Kong
Kowloon New
Territories
2017 1 422     346     248 SA Review Undertaken May 2018
2 427     334     248 2017 Average Rental Price Across All Areas: 349.00
3 432     343     254 Rental Price from 2015 Base Year: 340.00 FALSE
4 422     356     251 % Difference: 2.65%
5 427     358     260
6 426     359     260 10% Threshold Not Met
7 435   365   260 -- No Change in SA for 2018/2019
8 427     352     265
9 436     361     261
10 423     361     260
11 467   357   269 All
12 458     364     263 Areas
Average Rental Price: 434 355 258 349.00
Class C accommodation (70m2 to 99.9m2) 2016
Year Month Hong
Kong
Kowloon New
Territories
2016 1 398     339     247 SA Review Undertaken May 2017
2 412     318     230 2016 Average Rental Price Across All Areas: 319.00
3 385     327     230 Rental Price from 2015 Base Year: 340.00 FALSE
4 390     300     231 % Difference: -6.18%
5 408     313     225
6 385     332     223 10% Threshold Not Met
7 387     336     225 -- No Change in SA for 2017/2018
8 402     333     232
9 397     333     233
10 396     324     244
11 399     344     246 All
12 383     348     245 Areas
Average Rental Price: 395 329 234 319.00
Class C accommodation (70m2 to 99.9m2) 2015
Year Month Hong
Kong
Kowloon New
Territories
2015 1 397 349 251 SA Review Undertaken May-Aug 2016
2 407     350     244 2015 Average Rental Price Across All Areas: 340.00
3 411     351     245 Rental Price from 2013 Base Year: 292.00 FALSE
4 415   347   236 % Difference: 16.44%
5 421   372   253
6 419   384   249 10% Threshold Met
7 433     373   249
8 437     369     261 New SA
9 428     355     253 Change in SA For 2016/2017: +10.00% $20,989
10 428     336     246
11 418     329     244 All Base Year Changed to 2015 Av Rent: 340.00
12 412     321     247 Areas
Average Rental Price: 419 353 248 340.00
Class C accommodation (70m2 to 99.9m2) 2014
Year Month Hong
Kong
Kowloon New
Territories
2014 1   378     310     223   SA Review Undertaken May 2015
2   384     333     217   2014 Average Rental Price Across All Areas: 312.00
3   366     284     227   Rental Price from 2013 Base Year: 292.00 FALSE
4   402     322     213   % Difference: 6.85%
5   377     321     220  
6   368     308     226   10% Threshold Not Met
7   387     327     230   -- No Change in SA for 2015/2016
8   412     327     227  
9   398     329     225  
10   395     325     236  
11   402     326     233   All
12   402     333     238   Areas
Average Rental Price: 389 320 226 312.00
Class C accommodation (70m2 to 99.9m2) 2013
Year Month Hong
Kong
Kowloon New
Territories
2013 1   367 216 199 SA Review Undertaken May-Aug 2014
2 334 263 233 2013 Average Rental Price Across All Areas: 292.00
3 359 295 232 Rental Price from 2010 Base Year: 258.00 FALSE
4 358 262 232   % Difference: 13.18%
5 361 228 212  
6 352 256 227 10% Threshold Met
7 384     329 219  
8 397     317 230   New SA
9 379     299 231   Change in SA For 2014/2015: +13.18% $19,081
10 391     307 231  
11   376     310 224   All Base Year Changed to 2013 Av Rent: 292.00
12   386     304 215   Areas
Average Rental Price: 370 282 224 292.00
Class C accommodation (70m2 to 99.9m2) 2012
Year Month Hong
Kong
Kowloon New
Territories
2012 1   338     257     187   SA Review Undertaken May 2013
2   346     294     193   2012 Average Rental Price Across All Areas: 278.00
3   327     275     188   Rental Price from 2010 Base Year: 258.00 FALSE
4   350     291     185   % Difference: 7.75%
5   354     287     182  
6   367     285     185   10% Threshold Not Met
7   350     245     193   -- No Change in SA for 2013/2014
8   372     275     202  
9 353 280   208  
10 342 273   212  
11 310 315 202 All
12 363 400 223 Areas
Average Rental Price: 348 290 197 278.00
Class C accommodation (70m2 to 99.9m2) 2011
Year Month Hong
Kong
Kowloon New
Territories
2011 1   334     280     177   SA Review Undertaken May 2012
2   345     297     176   2011 Average Rental Price Across All Areas: 277.00
3   347     286     183   Rental Price from 2010 Base Year: 258.00 FALSE
4   348     303     177   % Difference: 7.36%
5   353     287     191  
6   353     293     201   10% Threshold Not Met
7   383     308     198   -- No Change in SA for 2012/2013
8   384     285     198  
9   358     285     192  
10   356     274     193  
11   363     273     196   All
12   349     262     195   Areas
Average Rental Price: 356 286 190 277.00
Class C accommodation (70m2 to 99.9m2) 2010
Year Month Hong
Kong
Kowloon New
Territories
2010 1   309     221     150   SA Review Undertaken May-Aug 2011
2   310     254     169   2010 Average Rental Price Across All Areas: 258.00
3   296     262     163   Rental Price from 2007 Base Year: 218.00 FALSE
4   322     288     169   % Difference: 18.35%
5   312     298     171  
6   317     280     178   10% Threshold Met
7   332     293     174  
8   341     287     187   New SA
9   329     291     179   Change in SA For 2011/2012: +18.35% $16,859
10   341     264     181  
11   350     292     184   All Base Year Changed to 2010 Av Rent: 258.00
12   347     277     178   Areas
Average Rental Price: 326 276 174 258.00
Class C accommodation (70m2 to 99.9m2) 2009
Year Month Hong
Kong
Kowloon New
Territories
2009 1   256     217     141   SA Review Undertaken May 2010
2   261     224     136   2009 Average Rental Price Across All Areas: 215.00
3   246     217     131   Rental Price from 2007 Base Year: 218.00 FALSE
4   243     214     129   % Difference: -1.38%
5   258     214     133  
6   257     233     133   10% Threshold Not Met
7   269     214     137   -- No Change in SA for 2010/2011
8   291     239     148  
9   300     258     146  
10   292     240     162  
11   296     257     161   All
12   299     248     153   Areas
Average Rental Price: 272 231 143 215.00
Class C accommodation (70m2 to 99.9m2) 2008
Year Month Hong
Kong
Kowloon New
Territories
2008 1   326     243     155   SA Review Undertaken May-Aug 2009
2   332     241     177   2008 Average Rental Price Across All Areas: 255.00
3   350     277     167   Rental Price from 2007 Base Year: 218.00 FALSE
4   341     266     182   % Difference: 16.97%
5   345     292     176  
6   353     238     176   10% Threshold Met
7   346     291     181  
8   361     304     193   New SA
9   358     295     163   Change in SA For 2009/2010: 0.00% $14,245
10   324     263     175  
11   300     217     153   All
12   266     223     137   Areas
Average Rental Price: 334 263 170 255.00
Class C accommodation (70m2 to 99.9m2) 2007
Year Month Hong
Kong
Kowloon New
Territories
2007 1   257     208     133   SA Review Undertaken May-Aug 2008
2   282     226     130   2007 Average Rental Price Across All Areas: 218.00
3   269     211     137   Rental Price from ?? Base Year: 185.00 FALSE
4   270     210     132   % Difference: 17.84%
5   302     192     144  
6   277     209     141   10% Threshold Met
7   290     209     146  
8   299     219     152   New SA
9   295     220     146   Change in SA For 2008/2009: +10.00% $14,245
10   300     256     158  
11   316     246     144   All Base Year Changed to 2007 Av Rent: 218.00
12   304     227     151   Areas
Average Rental Price: 288 219 143 218.00
Class C accommodation (70m2 to 99.9m2) 2006
Year Month Hong
Kong
Kowloon New
Territories
2006 1   259     184     125   SA Review Undertaken May 2007
2   245     172     112   2006 Average Rental Price Across All Areas: 192.00
3   237     204     137   Rental Price from 2007 Base Year: 185.00 FALSE
4   248     186     131   % Difference: 3.78%
5   255     194     113  
6   243     195     111   10% Threshold Not Met
7   263     203     130   -- No Change in SA for 2007/2008
8   274     209     132  
9   280     202     124  
10   243     197     126  
11   261     194     122   All
12   260     216     120   Areas
Average Rental Price: 256 196 124 192.00
Class C accommodation (70m2 to 99.9m2) 2005
Year Month Hong
Kong
Kowloon New
Territories
2005 1   231     186     124   SA Review Undertaken Nov 2005 Using Partial Class C 2015 Data
2   230     189     136   Jan-Jul 2005 Average Rental Price Across All Areas: 185.00
3   246     183     109   The EDB changed the adustment mechanism to use Class C rental data. As a starting point it "made reference to the relevant rental prices from January to July 2005 … which is about $185/m. The resulting figure is about $12,950 (= $185/m2  x 70m2)"
  4   233     205     131  
  5   240     177     114  
  6   239     181     117  
7   244     185     120  
  8   242     205     116   New SA
  9   250     195     127   Change in SA For 2005/2006 (Backdated): +23.33% $12,950
  10   267     188     120  
  11   245     221     126   All Base Year Changed to 2005 Av Rent: 185.00
  12   236     199     130   Areas
Average Rental Price: 242 193 123 185.75
Class C accommodation (70m2 to 99.9m2) 2004
Year Month Hong
Kong
Kowloon New
Territories
2004 1   203     151     114  
2   200     155     117  
3   211     147     114  
  4   225     173     113  
  5   204     155     124  
  6   207     171     107  
7   215     165     114  
  8   216     181     113  
  9   209     188     115  
  10   218     185     118  
  11   228     180     114   All
  12   226     183     105   Areas
Average Rental Price: 214 170 114 165.67
Class C accommodation (70m2 to 99.9m2) 2003
Year Month Hong
Kong
Kowloon New
Territories
2003 1   197     165     111   SA Review Undertaken Nov 2003 Using CCPI
2   194     146     115   The EDB said to LegCo, "The private housing rent component of the Composite Consumer Price Index (CCPI) in end 2002 is 81.24% to that in 1997 when the Special Allowance rate was set. The exact new Special Allowance rate will be set by taking into account the 2003 annual private housing rental index."
3   199     170     108  
4   185     157     110  
5   181     167     98  
6   189     159     97  
7   186     159     91  
8   199     154     103   New SA
9   189     149     104   Change in SA For 2004/2005: -19.23% $10,500
10   192     152     95  
11   185     153     102   All Starting SA From 1997:  $13,000
12   197     147     107   Areas
Average Rental Price: 191 157 103 150.33