According to the Rateable Values for 2021/22 published by the Rating and Valuation Department, all the rental values of the four core areas downward, the letter reported.

RVD revaluation of about 3.38 million industrial and commercial properties on 1 October last year, with 5% of the rental value as the rates charged for the new year from April this year, the overall rental value of shops and commercial units in Hong Kong fell by 10.2%, particularly in Causeway Bay and ?$#@$ Kok. Rental values generally fell by more than 30% year-on-year.