11 May 1995
HUI SOONG NUI and Another v. DIRECTOR OF LANDS
- Citation
- HUI SOONG NUI and Another v. DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR13/1994
The Tribunal excluded any value effect of the CRA zoning, found many applicant comparables were materially inferior or required excessive upward adjustment, accepted the respondent's Thirteen Streets comparables after appropriate time and location analysis, adjusted to a pragmatic unit rate for the subject's mid-street position of $4,000 per sq ft for building area and 1/8 rate for yard, and rejected capitalising the two-month lease residue as material; accordingly awarded compensation of $1,800,000.