5 Jun 2001
Abdoolally Ebrahim & Co. (H.K.) Ltd. v. Formalex Ltd.
- Citation
- Abdoolally Ebrahim & Co. (H.K.) Ltd. v. Formalex Ltd.
- Court
- Lands Tribunal
- Case number
- LDNT43/2000
The Tribunal selected the best comparable (Flat B on 42nd Floor), accepted the small differences in expert adjustments for that comparable, averaged the experts' adjusted estimates for that comparable and fixed the prevailing market rent at $95,750 per month; no separate allowance was made for alleged low water pressure because that condition would similarly affect comparable flats.