29 Apr 1988
KINGSLEY SHIH AND ANOTHER v. WAH YING CHEONG CO LTD.
- Citation
- KINGSLEY SHIH AND ANOTHER v. WAH YING CHEONG CO LTD.
- Court
- Lands Tribunal
- Case number
- LDLA3898/1987
Redevelopment intention alone did not establish imminent possession; timing was too vague. Tribunal must assess what a hypothetical landlord would do economically. Given state of disrepair and comparables (with justified adjustments) the reasonable tenancy duration was two years and the Prevailing Market Rent was determined by applying a unit rate ($3.30/sq ft) to net areas, then adding reasonable allowances for caretaker and rates, yielding $7,500/month for No.2 G/F and $8,000/month for No.4 G/F inclusive of rates and caretaker services.