3
6.
Te average land value for this peric
weighted
in accordance with the acreages shown in paragraph 4 would
be
$225 x 600 + 370 x 600 + 275 x 450 + 255 x 150 + 40 x 150
+100 x 60+ 130 x 320 + 435 x 320 + 315 x 250
225 + 370 + 275 + 265 + 40 + 100+ 130 + 435 + 315
= $367.50
7.
Assuming that this average value will be used
as the base, the index will be 100.
8.
If, say, the Chart W values would have been revised in some future period to the following
Sha Tin Tsuen Wan Tuen Mun
Commercial/Residential and
Residential Zone i
.700
750
500
Residential Zone 2, 3 and 4
150
150
60
Industrial
350
400
300
the average land value for this period would be –
$ 225 x 700 + 375 x 750 + 275 x 500 + 265 x 150 + 40 x 150
+100 x 60 + 130 x 350 + 435 x 400 + 315 x 300
225 + 370 + 275 * 265 + 40 + 150 + 130 + 435 * 319
= $437.10
9.
The index for this period would be: 100 x
437.10
367.50
=119
: