16 Aug 1983
THE COLONIAL TREASURER INCORPORATED v. CALI ENTERPRISES LTD
- Citation
- THE COLONIAL TREASURER INCORPORATED v. CALI ENTERPRISES LTD
- Court
- Lands Tribunal
- Case number
- LDLA43/1983
The Tribunal determined the prevailing market rent per standard flat in Manhattan Tower to be HKD 28,500 per month exclusive of rates with a fixed maintenance charge of HKD 1,500 per month; for the ground floor garden flat (G-B) an addition of HKD 3,500 per month was awarded; for the bundle of sixteen flats the Tribunal allowed a HKD 1,000 per flat deduction for absence of a break clause and a 15% bulk discount on the aggregated exclusive rent, resulting in a total monthly rent of HKD 398,000 (HKD 24,875 per flat) inclusive of maintenance charges and exclusive of rates for the second applican…