Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Effective area calculation
  • 14 Aug 2003

    DOO YUEN SUN WILBR SONNY v. CHANG YOK FONG

    Citation
    DOO YUEN SUN WILBR SONNY v. CHANG YOK FONG
    Court
    Lands Tribunal
    Case number
    LDNT85/2003

    Exclude Comparable 7 because its location on busy Waterloo Road materially differs from the subject and remaining comparables; adopt effective‑area approach for ancillary accommodation using ratios yard/open roof 0.1 and penthouse 0.4; use car parking valuation approach of Applicant; use Rating & Valuation May 2003 index where available and project June/July 2003 by an average 1.5% monthly decline; apply adjusted average unit rate $145.2 per sq.m. to effective area 143.4 sq.m. to fix prevailing market rent at $21,000 per month exclusive of rates and management fee; grant new two‑year tenancy…