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Professional Rating Services
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Every Hong Kong business will receive an annual rateable value (RV) assessment in respect of the property it occupies in 2010. Under the Rating Ordinance, the ratepayer who is not satisfied with the new RV of his property can lodge an objection to the Rating & Valuation Department (RVD) by no later than the end of May 2010.
To better serve our clients, BMI Appraisals has an established rating valuation team dedicated to carrying out RV assessments especially for bulk tenements or special properties. Our rating valuation team will perform the following tasks on your behalf:
1. Carry out an initial rental assessment of each concerned property;
2. Prepare submission of proposals to the RVD;
3. Conduct detailed analysis and valuation for each concerned property;
4. Prepare for discussions or attend meetings with the officials of the RVD.
Our team members have sound experience and solid expertise in dealing with various rating objections. We have been engaged by a number of clients including some large corporations and quasi-government organizations in dealing with more than 350 tenements which comprise commercial shopping arcades, car parks, warehouses, office/industrial developments, land holdings, TV studios and the like. Some of our past successful case references on rating objections are listed hereunder for references.
| Brief Job Description |
% Reduction |
| The whole portfolio of properties including some 200 commercial premises and car park developments owned by The Hong Kong Housing Society in various districts of Hong Kong |
about 8% – 10% |
| Whole block of an industrial development in Fanling owned by Chevalier Group |
about 10% |
| The whole industrial complex of Asia Television Ltd. within Tai Po Industrial Estate |
about 5% |
| A number of golf courses in Kowloon and the New Territories owned by various operators |
about 5% - 8% |
If you wish to employ a professional surveyor to follow upon the matter, we are pleased to provide our professional advice and services in this regard.
For more details of our rating services, please contact our Dr. Tony Cheng at (852) 2593 9633 or Mr. KK Yeung at (852) 2593 9670.
COPYRIGHT 2008, BMI Appraisals Limited. All Rights Reserved.
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