31 Jan 1986
FINANCIAL SECRETARY INCORPORATED v. WING ON CHEONG INVESTMENT CO LTD
- Citation
- FINANCIAL SECRETARY INCORPORATED v. WING ON CHEONG INVESTMENT CO LTD
- Court
- Lands Tribunal
- Case number
- LDLA540/1985
The Tribunal applied the comparative method giving weight to recent lettings of identical flats within Universal Towers (noting required adjustments), held the investment method unnecessary, found a moderate bulk discount applicable to this lower rental group, and determined the prevailing market rent at $72,000 per month (derived from an assessed individual flat mean of $5,250 with a moderate bulk discount applied).