27 Aug 1982
MASS TRANSIT RAILWAY CORPORATION AND OTHERS v. HSU AND SONS LTD
- Citation
- MASS TRANSIT RAILWAY CORPORATION AND OTHERS v. HSU AND SONS LTD
- Court
- Lands Tribunal
- Case number
- LDNT3/1982
The Tribunal's statutory role under s.119K is confined to determining the fair market rent at the specified date by reference to market evidence and comparables and not to regulate rents or make non-market subjective adjustments; applying that principle to the evidence the Tribunal fixed the monthly fair market rents (exclusive of rates and management charges) at HKD 38,500 for Unit No.1, HKD 38,500 for Unit No.2 and HKD 35,500 for Unit No.5 effective for two-year tenancies commencing 1 July 1982.