27 Feb 2004
何永鴻 v. 偉福置業有限公司
- Citation
- 何永鴻 v. 偉福置業有限公司
- Court
- Lands Tribunal
- Case number
- LDNT166/2003
The Tribunal excluded comparables from buildings without lift service, accepted the expert's comparison method but modified several adjustment levels (time, location, floor, age/condition, building entrance, quantum/size) to values the Tribunal found appropriate, rejected the respondent's methodology of averaging unadjusted unit rates as legally and methodologically incorrect, determined the adopted average adjusted unit rate at HK$89.40 per sq.m. and, using the Premises' saleable area, fixed the PMR at HK$16,200 per month exclusive of rates and management fees; the Tribunal further held the…