5 Jan 2004
MATTHEW M KINGMAN v. GENTLE INVESTMENT LTD
- Citation
- MATTHEW M KINGMAN v. GENTLE INVESTMENT LTD
- Court
- Lands Tribunal
- Case number
- LDNT118/2003
The Tribunal granted the new tenancy for three years from 1 September 2003 and fixed the monthly rent at HK$47,000 exclusive of rates and management fee based on revisions to the comparable rents: excluded an unsuitable comparable (Comparable 4), accepted specific adjustments (time, floor level 0.5% per floor, garden area 345 sqm, car parking at HK$3,000 per space) and rejected speculative adjustments (internal condition, appliance adjustments); the Tribunal apportioned weight between the experts and used a combined approach to derive a unit rate of HK$136.4/m2 leading to the assessed rent of…