29 Apr 1988
KINGSLEY SHIH AND ANOTHER v. WAH YING CHEONG CO LTD.
- Citation
- KINGSLEY SHIH AND ANOTHER v. WAH YING CHEONG CO LTD.
- Court
- Lands Tribunal
- Case number
- LDLA3728/1987
New tenancies granted for two years from 1 January 1988; Prevailing Market Rent assessed as at 31 December 1987 by reference to comparables adjusted for condition, size, lack of mains water, absence of carparking and inferior maintenance, and allowing reasonable values for caretaker services and rates; landlord's expressed redevelopment intention is evidence but not decisive absent statutory order; repairs unlikely if uneconomic and that affects market rent; resulting rents fixed at $7,500/month for No.2 G/F and $8,000/month for No.4 G/F inclusive of rates and caretaker services.