22 Oct 2002
Manchu Hong Kong Ltd. v. Lau E-Yan Betty
- Citation
- Manchu Hong Kong Ltd. v. Lau E-Yan Betty
- Court
- Lands Tribunal
- Case number
- LDNT381/2001
The Tribunal excluded House 39D as a comparable due to its exceptionally long marketing period and lease date being 9 months after the relevant commencement, applied specified percentage adjustments to six acceptable comparables, averaged the adjusted effective unit rents, applied the subject effective area (279.8 sq.m.) and fixed the new rent at $104,500 per month exclusive of rates, management fees and government rent; a two-year tenancy from 19 Nov 2001 was ordered with deposit adjusted and other prior terms retained save condition 12, with no order as to costs.