File:HKRE1999
HONG KONG REAL ESTATE STATISTICS
ZEPPELIN PROPERTY CONSULTANTS LIMITED
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Project : ORDER OF MAGNITUDE FIGURES (ONLY). Based on published sources including government's.
Date : 1999 Updated : March 2000
Remarks : For simple illustration. Figures are very rough. Not recommended for specific tasks. From published sources including Hong Kong Property Review 1999 (i.e. data from 1998)
Zeppelin and/or its staff, associates, consultants and the like do not accept any responsibility for claims, damages, or losses incurred due to the content contained herein.
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Sectors Subsectors No. of Units Average ft2/unit Gross Floor Areas Total/Subtotal Average $/ft2 GFA Total $ Scales Percentages by GFA % by $
ft2 ft2 No. of Buildings Subgroup Group Overall
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1. RESIDENTIAL 25F Res Tower 1L
1200'/F,30K'GFA
A. Private Class A 12,691 200 2,538,200 2,000 5,076,400,000 85
Class A 118,100 300 35,430,000 2,250 79,717,500,000 1,181
Class A 217,396 400 86,958,400 124,926,600 2,500 217,396,000,000 2,899 21%
Class B 189,255 500 94,627,500 3,000 283,882,500,000 3,154
Class B 145,966 600 87,579,600 3,500 306,528,600,000 2,919
Class B 111,699 700 78,189,300 260,396,400 4,000 312,757,200,000 2,606 44%
Class C 46,747 800 37,397,600 4,500 168,289,200,000 1,247
Class C 28,918 925 26,749,150 5,000 133,745,750,000 892
Class C 21,085 1,050 22,139,250 86,286,000 5,500 121,765,875,000 738 15%
Class D 24,698 1,200 29,637,600 6,000 177,825,600,000 988
Class D 15,000 1,450 21,750,000 6,500 141,375,000,000 725
Class D 8,875 1,650 14,643,750 66,031,350 7,000 102,506,250,000 488 11%
Class E 10,748 2,000 21,496,000 7,000 150,472,000,000 717
Class E 7,516 2,400 18,038,400 7,500 135,288,000,000 601
Class E 2,350 2,800 6,580,000 8,000 52,640,000,000 219
Class E 2,212 3,200 7,078,400 53,192,800 9,000 63,705,600,000 236 9%
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Residential Private Total Units 963,256 Residential Private Total GFA ft2 590,833,150 Total Private $ = 2,452,971,475,000 19,694 100% 56%
Residential Private $/Unit 2,546,542 Residential Private Av. ft2/unit 613 Average $/ft2 = 4,152
B. Public HOS,PSPS,TP etc 247,387 600 148,432,200 2,250 333,972,450,000 4,948 35%
UI,F4S,Sandwich 21,918 600 13,150,800 2,250 29,589,300,000 438 3%
Public Rentals 648,423 400 259,369,200 420,952,200 500 129,684,600,000 8,646 62%
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Residential Public Total Units 917,728 Residential Public Total GFA ft2 420,952,200 Total Public $ = 493,246,350,000 14,032 100% 40%
Residential Public $/Unit 537,465 Residential Public Av. ft2/unit 459 Average $/ft2 = 1,172
C. Government Quarters 24,937 1,500 37,405,500 37,405,500 4,000 149,622,000,000 1,247 100%
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Residential Government Total Units 24,937 Residential Government Total ft2 37,405,500 Total Gov't $ = 149,622,000,000 1,247 100% 4%
Residential Government $/Unit 6,000,000 Residential Government Av.ft2/unit 1,500 Average $/ft2 = 4,000
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TOTAL RESIDENTIAL UNITS 1,905,921 TOTAL RESIDENTIAL GFA ft2 1,049,190,850 Total Res $ = 3,095,839,825,000 34,973 100% 70% 77%
AVERAGE $/RESIDENTIAL UNIT 1,624,327 TOTAL RESIDENTIAL AV.ft2/UNIT 550 Average $/ft2 = 2,951
2. OFFICE 50,000 ft2 GFA
Per Building
A. Private 1. Class A Hong Kong Island 36,202,020 5,500 199,111,110,000 724
Kowloon Peninsula 11,505,668 4,500 51,775,506,000 230
New Kowloon 4,963,588 3,750 18,613,455,000 99
New Territories 4,152,284 56,823,560 3,000 12,456,852,000 83
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Private Office Class A GFA ft2 56,823,560 Total Class A $ = 281,956,923,000 1,136 61%
Average $/ft2 = 4,962
2. Class B Hong Kong Island 13,957,872 3,500 48,852,552,000 279
Kowloon Peninsula 5,395,064 3,000 16,185,192,000 108
New Kowloon 717,692 2,500 1,794,230,000 14
New Territories 660,664 20,731,292 2,250 1,486,494,000 13
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Private Office Class B GFA ft2 20,731,292 Total Class B $ = 68,318,468,000 415 22%
Average $/ft2 = 3,295
3. Class C Hong Kong Island 9,935,784 2,500 24,839,460,000 199
Kowloon Peninsula 4,680,600 2,000 9,361,200,000 94
New Kowloon 458,376 1,750 802,158,000 9
New Territories 273,304 15,348,064 1,500 409,956,000 5
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Private Office Class C GFA ft2 15,348,064 Total Class C $ = 35,412,774,000 307 17%
Average $/ft2 = 2,307
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Total Private Office GFA ft2 92,902,916 Total Office $ = 385,688,165,000 1,858 100% 92%
Average $/ft2 = 4,152
B. Government 1. Class A Hong Kong Island 4,147,302 4,500 18,662,859,540 83
Kowloon Peninsula 362,429 3,750 1,359,109,050 7
New Kowloon 0 3,250 0 0
New Territories 0 4,509,731 2,500 0 0
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Government Office Grade A GFA ft2 4,509,731 Total Class A $ = 20,021,968,590 90 56%
Average $/ft2 = 4,440
2. Class B Hong Kong Island 717,154 3,250 2,330,750,500 14
Kowloon Peninsula 878,317 2,750 2,415,372,520 18
New Kowloon 323,553 2,250 727,994,700 6
New Territories 907,595 2,826,620 2,000 1,815,190,480 18
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Government Office Grade B GFA ft2 2,826,620 Total Class B $ = 7,289,308,200 57 35%
Average $/ft2 = 2,579
3. Class C Hong Kong Island 151,641 2,500 379,101,700 3
Kowloon Peninsula 166,124 2,000 332,247,280 3
New Kowloon 328,524 1,750 574,917,560 7
New Territories 51,713 698,001 1,500 77,568,840 1
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Government Office Grade C GFA ft2 698,001 Total Class C $ = 1,363,835,380 14 9%
Average $/ft2 = 1,954
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Total Government Office GFAft2 8,034,352 Total Office $ = 28,675,112,170 161 100% 8%
Average $/ft2 = 3,569
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TOTAL OFFICE GFA ft2 100,937,268 Total Office $= 414,363,277,170 2,019 100% 7% 10%
Average $/ft2 = 4,105
3. RETAIL Say 100,000 ft2
Retail Complex
A. Private Hong Kong Island 31,791,496 5,500 174,853,228,000 318 34%
Kowloon Peninsula 24,279,940 4,500 109,259,730,000 243 26%
New Kowloon 14,771,328 4,000 59,085,312,000 148 16%
New Territories 23,314,768 94,157,532 3,000 69,944,304,000 233 25%
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Private Retail Total GFA ft2  94,157,532 Total Private $ = 413,142,574,000 942 100% 90%
Average $/ft2 = 4,388
B. Public Housing Authority Hong Kong Island 814,220 4,500 3,663,989,820 8 9%
Kowloon Peninsula 241,508 4,000 966,032,800 2 3%
New Kowloon 3,120,615 3,500 10,922,153,200 31 33%
New Territories 5,377,095 9,553,438 2,500 13,442,737,000 54 56%
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Housing Authority Retail GFA ft2 9,553,438 Total HA $ = 28,994,912,820 96 100% 9%
Average $/ft2 = 3,035
Housing Society Hong Kong Island 99,724 4,500 448,756,560 1 18%
Kowloon Peninsula 174,129 4,000 696,516,320 2 32%
New Kowloon 58,976 3,500 206,414,460 1 11%
New Territories 209,659 542,487 2,500 524,146,500 2 39%
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Housing Society Retail GFA ft2  542,487 Total HS $ = 1,875,833,840 5 100% 1%
Average $/ft2 = 3,458
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TOTAL RETAIL GFA ft2 104,253,457 Total Retail $ = 444,013,320,660 1,043 100% 7% 11%
Average $/ft2 = 4,259
4. INDUSTRIAL (Flatted Factories) Say 200,000 ft2
Factory Building
A. Private Hong Kong Island 24,782,432 550 13,630,337,600 124 13%
Kowloon Peninsula 14,046,104 450 6,320,746,800 70 7%
New Kowloon 58,467,688 400 23,387,075,200 292 30%
New Territories 95,475,632 192,771,856 300 28,642,689,600 477 50%
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Private Flatted Factories GFA ft2 192,771,856 Total Private $ = 71,980,849,200 964 100% 98%
Average $/ft2 = 373
B. Public Housing Authority Hong Kong Island 73,405 400 29,361,888 0 2%
Kowloon Peninsula 0 350 0 0 0%
New Kowloon 2,126,402 300 637,920,588 11 48%
New Territories 2,199,904 4,399,710 250 549,975,880 11 50%
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Public Flatted Factories GFA ft2 4,399,710 Total Public $ = 1,217,258,356 22 100% 2%
Average $/ft2 = 277
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TOTAL INDUSTRIAL GFA ft2 197,171,566 Total Indust $ = 73,198,107,556 986 100% 13% 2%
Average $/ft2 = 371
5. INDUSTRIAL (Specialist Factories)
Private Hong Kong Island 1,107,204 400 442,881,600 6 3%
Kowloon Peninsula 865,104 350 302,786,400 4 3%
New Kowloon 4,421,284 300 1,326,385,200 22 14%
New Territories 26,195,220 32,588,812 275 7,203,685,500 131 80%
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Private Specialist FactoriesGFAft2 32,588,812 Total Private $ = 9,275,738,700 163 100% 100%
Average $/ft2 = 285
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TOTAL INDUSTRIAL GFA ft2 32,588,812 Total Indust $ = 9,275,738,700 163 100% 2% 0%
Average $/ft2 = 285
TOTAL INDUSTRIAL - FLATTED AND SPECIALIST FACTORIES GFA ft2 229,760,378 O/A Indust $ = 82,473,846,256 1,149
Average $/ft2 = 359
6. INDUSTRIAL/OFFICE Say 250,000 ft2
Building
Private Hong Kong Island 327,104 1,700 556,076,800 1 6%
Kowloon Peninsula 160,324 1,500 240,486,000 1 3%
New Kowloon 3,423,832 1,300 4,450,981,600 14 67%
New Territories 1,229,868 5,141,128 1,200 1,475,841,600 5 24%
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Private Industrial/Office GFA ft2 5,141,128 Total Private $ = 6,723,386,000 21 100% 100%
Average $/ft2 = 1,308
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TOTAL INDUSTRIAL/OFFICE GFA ft2 5,141,128 Total I/O $ = 6,723,386,000 21 100% 0% 0%
Average $/ft2 = 1,308
7. STORAGE Say 250,000 ft2
Building
Private Hong Kong Island 230,264 1,200 276,316,800 1 7%
Kowloon Peninsula 95,764 1,000 95,764,000 0 3%
New Kowloon 578,888 800 463,110,400 2 19%
New Territories 2,168,140 3,073,056 500 1,084,070,000 9 71%
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Private Storage GFA ft2 3,073,056 Total Private $ = 1,919,261,200 12 100% 100%
Average $/ft2 = 625
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TOTAL STORAGE GFA ft2 3,073,056 Total I/O $ = 1,919,261,200 12 100% 0% 0%
Average $/ft2 = 625
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TOTAL GFA ft2 ALL CATEGORIES 1,489,283,081 Total $ = 4,043,413,655,086 100% 100%
Average $/ft2 = 2,715
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Math Checks : Total GFA ft2  1,489,283,081
Av. Plot Ratio 4.00 No. of 2,500 ft2 Sites
Gross Site ft2 372,320,770 148,928
Ditto in sq miles 13.36
HK Area sq miles= 402.00
Percentage sites= 3.32% Excludes hotels, godowns, resorts, vacant lands, infrastructure, open spaces etc.
Percentage built= 12.50% Built up areas
% sites/built = 26.58% Built up areas including ports/airports, roads/highways/rails, reservoirs, parks etc.
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Averages : HK$ / HK person= 631,783 HK Population= 6,400,000
GFAft2/HK Person= 233
Check= $/GFA ft2 x GFA ft2/person= 2,715 233 631,783
Rough HK wealth : Total RE Value in HK$billions = 4,043
Add RE types not included = 404
SAY % allowed = 10.00% e.g Hotels etc
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Total RE Value all types = 4,448
Add civil works/infrastructure = 4,448 E.g. highways, roads, utilities, ports, airports, telecommunications etc
SAY % allowed = 100.00%
Add private services facilities = 4,448 E.g. professional, technical, financial etc
SAY % allowed = 100.00%
Add social services = 222 E.g. medical centres, hospitals, community centres, police, fire brigades, postal service, schools etc
SAY % allowed = 5.00%
Add industrial/manufacturing = 445 E.g. Plant and factory operations etc
SAY % allowed = 10.00%
Add building/construction = 445 E.g. contractors, building material suppliers etc
SAY % allowed = 10.00%
Add entertainment services = 222
SAY % allowed = 5.00%
Add miscellaneous = 445
SAY % allowed = 10.00% US$ Equivalent : US$1 vs HK$ = 7.78
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Total RE and all above = 15,122 1,944
Less Government's = -6,351 -816
SAY % allowed = 42.00%
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Private Ownership = 8,771 1,127
Less Foreign-Owned = -4,385 -564
SAY % allowed = 50.00%
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Private Ownership (HK local) = 4,385 564
Add back HK-owned foreign assets = 658 85
SAY % allowed = 15.00%
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Total Value Owned by HK people = 5,043 648
Less Credit/Loan/Mortgages etc = -1,261 -162
SAY % allowed = 25.00%
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NET Value Owned by HK people = 3,782 486
Average per person = 591,013 75,966
Average per worker = 1,182,026 151,931
Say % working = 50.00%
Average per household of 4 = 2,364,051 303,863
Counter-checks : Say the top 0.1% 6,400 persons 
Own around  25.00% of wealth
Total wealth = 946 billions
Per such person = 147,753,206 Per working = 295,506,411
Say the top 5% 320,000 persons 
Own around  90.00% of wealth
Total wealth = 3,404 billions
Per such person = 10,638,231 Per working = 21,276,462
The other 95% 6,080,000 persons 
Own around  10.00% of wealth
Total wealth = 378 billions
Per such person = 62,212 Per working = 124,424
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