29 Jun 2004
TIN KUNG INVESTMENT LTD v. SECRETARY FOR TRANSPORT
- Citation
- TIN KUNG INVESTMENT LTD v. SECRETARY FOR TRANSPORT
- Court
- Lands Tribunal
- Case number
- LDRW16/2001
Exclude comparables with retail or service potential when those uses are not permissible or unsupported by evidence; require sale evidence or economic analysis to justify valuation adjustments; where an outlier comparable is inconsistent with others, exclude it from averaging; compensation awarded based on averaged adjusted unit rates from appropriate comparables resulting in $4,683,000 and no additional sum for subdividing the Properties.