14 Feb 2001
Yin Shuen Enterprises Ltd. v. Director of Lands
- Citation
- Yin Shuen Enterprises Ltd. v. Director of Lands
- Court
- Lands Tribunal
- Case number
- LDLR5/2000
Tribunal held that comparable sales with similar zoning and lease restrictions may be used even if they embody development potential; Watford and Winfat did not mandate exclusion of such comparables; Hansard from 1922 has minimal weight; on facts the best alternative zoning for the subject land (ignoring the rezoning caused by the scheme) was residential R(C)1 with plot ratio 0.8; the Tribunal adopted Applicant's Comparable 1, applied downward adjustments totalling 25% (5% accessibility, 10% irregular shape, 10% lesser stage of amalgamation) to derive HKD 6,138/m2 and awarded compensation of…