Special Allowance Adjustment Mechanism - Annual Data
Class C accommodation (70m2 to 99.9m2) 2023
  Year       Month   Hong
Kong
Kowloon New
Territories
  2023 1     432 332 242   SA Review to be Undertaken May 2024    
  2     407 344 243   2023 Average Rental Price Across All Areas: 340.00  
  3     401 343 253   Rental Price from 2015 Base Year: 340.00 TRUE
  4     416 354 250   % Difference: 0.00% * Provisional
  5     412 349 255        
  6     411 353 254   10% Threshold Not Met
  7     410 * 352 * 262 *   -- No Change in SA for 2024/2025
  8     417 * 358 * 268 *        
  9     422 * 369 * 261 *        
  10                
  11         All      
  12         Areas      
Average Rental Price: 414 350 254 340.00
* Provisional Figures
                     
Class C accommodation (70m2 to 99.9m2) 2022
  Year       Month   Hong
Kong
Kowloon New
Territories
  2022 1     396 348 273   SA Review Undertaken May 2023    
  2     407 361 259   2022 Average Rental Price Across All Areas: 333.00  
  3     398 349 260   Rental Price from 2015 Base Year: 340.00 FALSE
  4     391 335 254   % Difference: -2.06%  
  5     392 349 258        
  6     387 329 260   10% Threshold Not Met
  7     407 340 255   -- No Change in SA for 2023/2024
  8     404 331 258        
  9     403 337 261        
  10     392 349 255        
  11     415 326 251 All      
  12     400 341 251 Areas      
Average Rental Price: 399 341 258 333.00
                     
Class C accommodation (70m2 to 99.9m2) 2021
  Year       Month   Hong
Kong
Kowloon New
Territories
  2021 1     387 346 252   SA Review Undertaken May 2022    
  2     402 350 258   2021 Average Rental Price Across All Areas: 340.00  
  3     417 348 259   Rental Price from 2015 Base Year: 340.00 FALSE
  4     397 345 258   % Difference: 0.00%  
  5     413 359 262        
  6     415 350 264   10% Threshold Not Met
  7     412 337 262   -- No Change in SA for 2022/2023
  8     411 347 268        
  9     417 357 272        
  10     409 349 271        
  11     399 347 260 All      
  12     408 364 261 Areas      
Average Rental Price: 407 350 262 340.00
Class C accommodation (70m2 to 99.9m2) 2020
  Year       Month   Hong
Kong
Kowloon New
Territories
  2020 1     434 358 262   SA Review Undertaken May 2021    
  2     437 367 262   2020 Average Rental Price Across All Areas: 338.00  
  3     413 340 250   Rental Price from 2015 Base Year: 340.00 FALSE
  4     396 343 245   % Difference: -0.59%  
  5     416 355 254        
  6     412 360 251   10% Threshold Not Met
  7     413 345 254   -- No Change in SA for 2021/2022
  8     397 339 258        
  9     416 345 264        
  10     400 345 259        
  11     406 336 257 All      
  12     383 342 261 Areas      
Average Rental Price: 410 348 256 338.00
                     
Class C accommodation (70m2 to 99.9m2) 2019
  Year       Month   Hong
Kong
Kowloon New
Territories
  2019 1     467 378 272   SA Review Undertaken May 2020    
  2     452 369 270   2019 Average Rental Price Across All Areas: 363.00  
  3     458 368 265   Rental Price from 2015 Base Year: 340.00 FALSE
  4     441 372 267   % Difference: 6.76%  
  5     452 378 270        
  6     459 369 271   10% Threshold Not Met
  7     459 365 280   -- No Change in SA for 2020/2021
  8     454 382 279        
  9     451 367 275        
  10     426 360 262        
  11     440 357 263 All      
  12     436 385 264 Areas      
Average Rental Price: 450 371 270 363.00
Class C accommodation (70m2 to 99.9m2) 2018
  Year       Month   Hong
Kong
Kowloon New
Territories
  2018 1     476 365 264   SA Review 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 FALSE
  4     460 365 266   % Difference: 7.94%  
  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     436 381 260 Areas      
Average Rental Price: 456 376 268 367.00
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/m2x 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