31 Mar 1983
SHUN TAK ENTERPRISES LTD v. TOBERMORY INVESTMENT LTD
- Citation
- SHUN TAK ENTERPRISES LTD v. TOBERMORY INVESTMENT LTD
- Court
- Lands Tribunal
- Case number
- LDLA22/1982
The Tribunal fixed the new rent at $43,000 per month exclusive of rates and management charges for a three‑year tenancy commencing 1 July 1982 because the best evidence of value was the recent letting of Flat A6 in the same building at $37,000 per month, adjusted upward to reflect the suit premises' greater space, extra rooms and additional carpark; penthouse comparables in different localities were given little weight due to differing characteristics and market susceptibility to subjective taste and obsolescence.