18 Oct 1995
Linen Export Co,. Ltd. v. Director of Lands
- Citation
- Linen Export Co,. Ltd. v. Director of Lands
- Court
- Lands Tribunal
- Case number
- LDLR24/1994
The Tribunal applied prior consistent unit rates for the street area (equivalent to $46,300 per sq.m for the ground floor and 1/8 rate for open yard), rejected the applicant's outlying comparables and exclusions (notably ignoring cocklofts), held the investment method was unreliable as a primary basis, and awarded compensation of $1,900,000 accordingly.