27 Jun 2003
DELIGHT WORLD LTD v. THE SECRETARY FOR TRANSPORT
- Citation
- DELIGHT WORLD LTD v. THE SECRETARY FOR TRANSPORT
- Court
- Lands Tribunal
- Case number
- LDMR2/2002
The Tribunal held the Affected Lots were demised as agricultural (described as 'padi') and subject to the lease user covenant; therefore valuation must be on agricultural use excluding speculative 'hope' value or building‑land potential (Melhado uplift unsupported by evidence). Using agricultural comparables and justified adjustments the Tribunal fixed an agricultural unit rate of HK$1,927 per m2 and awarded total compensation of HK$15,900,000. Severance claims for Site A and Site B were dismissed for lack of proof; a 10% loss to the Northern Portion was allowed.