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(a) the median wage of local workers in 1975, 1985 and 1995 respectively;
(b) the average price of a 500 sq. feet flat in a large private residential
development in the urban area in each of the years mentioned above?
Reply:
(a) The median wage of local workers is as follows:
HK$/month
1975
N.A.
1985 (average of March and
2,675
September figures)
1995 (March figure)
8,691
Notes: (i) Including workers up to the supervisory level.
(ii) The Government started to compile statistics on median wage rate in September 1982. Information on the median wage rate in 1975 is therefore not available.
Source: Census & Statistics Department
(b) The estimated average price of a flat of 500 sq feet in gross floor area in the
urban area is as follows:
1975 (average for the year)
1985 (average for the year)
1995 (average up to the third quarter)
HK$
95,000
300,000
1,700,000
End
Note: Covering flats of all ages, and not necessarily confined to large residential developments the price information on which is not readily separable.
Source: Rating & Valuation Department