18 Apr 2007
LEE SHEH CHUNG v. THE DIRECTOR OF LANDS
- Citation
- LEE SHEH CHUNG v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR4/2004
The Tribunal adopted comparables AC2, AC3 and RC1, used the Rating & Valuation Department time indices, applied specific adjustments (time, location, headroom, size, frontage, layout, age) yielding an adjusted unit rate of HKD 51,793/m2 and OMVs on vacant possession of HKD 2,874,000 (A1), HKD 2,874,000 (A2) and HKD 2,867,000 (A3); for A4 the Tribunal valued the term interest (6 months at 9%) and the reversion (present value at 10%) using an estimated market rent to reach HKD 2,822,000, and ordered payment of those sums.