9 Jun 1989
THE FINANCIAL SECRETARY INCORPORATED v. TAI CHEONG FINANCE LTD
- Citation
- THE FINANCIAL SECRETARY INCORPORATED v. TAI CHEONG FINANCE LTD
- Court
- Lands Tribunal
- Case number
- LDLA3717/1988
Having evaluated comparables, inspections and the experts' adjustments the Tribunal: accepted use of some modestly furnished lettings and renewals given limited ideal comparables; rejected a quantum reduction for a 25 sq.m difference between comparables; treated 'estate living' and the existence of a shopping centre as neutral absent proven advantage or disadvantage; allowed only a nominal noise deduction and accepted better maintenance/finishes for Wilshire Towers so that the monthly rent of a 'standard flat' was fixed at $29,500; after considering local market evidence and rejecting extreme…