Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Leasehold interest valuation

Legal area

Court

27 Sept 2002

TANG PING CHOI AND ANOTHER v. THE SECRETARY FOR TRANSPORT

Citation

TANG PING CHOI AND ANOTHER v. THE SECRETARY FOR TRANSPORT
Court

Lands Tribunal
Case number

LDMR38/2000

Because stock-taking completed and applicants were expressly instructed not to remove crops, relocation/harvest mitigation was not feasible; the Tribunal found the bulbs were of the lower‑valued Chinese variety, accepted a two‑harvest projection, rejected the applicants' expert's extreme comparable adjustments and some expert statements, accepted respondent's market rent and many of respondent experts' assumptions, and assessed compensation accordingly.
30 Jan 1984

CHEUNG TAI HEE AND OTHERS v. DIRECTOR OF LANDS

Citation

CHEUNG TAI HEE AND OTHERS v. DIRECTOR OF LANDS
Court

Lands Tribunal
Case number

LDLR5/1983

The Tribunal found the unexpired leasehold residue was three years, adopted a conservative profit-rent approach (judicial notice of inflation) to calculate a market rent uplift of $2,000 p.a. (Kwok) and $2,500 p.a. (Chow), capitalised those sums to value leasehold interests, and found disturbance compensation payable in full (no discount) based on a reasonable unit reconstruction rate of $12 per square metre plus $1,000 for loss of one harvest; accordingly awarded Kwok Muk $58,750 and Chow Kun Lo $69,000, with interest under Section 17 and costs to applicants.