Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Property valuation

  • 20 Oct 2021

    KKSR v. CLH

    Citation
    [2021] HKFC 211
    Court
    Family Court
    Case number
    FCMC13299/2019

    For the six Hong Kong landed properties the court appointed Desmond W H Wong (Citiland) as single joint expert because both suggested valuers were qualified but the petitioner's valuer's estimated costs were substantially lower; the petitioner's unilateral valuation reports for Philippines and Japan were rejected as procured in breach of the May 25, 2021 order and due to private communications; the court appointed the respondent's suggested valuers for the Philippines, Japan, Cambodia, Thailand and PRC properties; all expert reports to be available by 24 November 2021 and each party to contri…

  • 17 Dec 2018

    YKC v. LMYT

    Citation
    [2018] HKFC 230
    Court
    Family Court
    Case number
    FCMC9062/2015

    The court appointed Mr Ian Ng as single joint expert for the three landed properties because both proposed valuers were suitably qualified but Mr Ng offered a materially lower fee and reasonable timetable; the court appointed Ms Rita Lau as single joint expert for M L Ltd because the company is a straightforward property‑holding vehicle, Ms Lau (an experienced CPA) was sufficiently qualified to address the disputes, and Mr Lai’s forensic expertise and very high fee were disproportionate to the nature of the valuation required.

  • 27 Jul 2018

    TOADS COMPANY LTD v. MA, LAI SHAN CONNIE 及另一人

    Citation
    [2018] HKDC 877
    Court
    District Court
    Case number
    DCCJ4572/2016

    Defendants are jointly and severally liable for the plaintiff's proven loss of net rent of $107,612.5 because the plaintiff proved unpaid rent, deducted the deposit and accepted mitigation by reletting; the claimed asset impairment ($199,273) was dismissed because plaintiff failed to prove market diminution causally linked to the breach and relied on internal accounting evidence and a fact witness rather than expert valuation; further, the lease did not create any obligation by tenant to compensate for asset value decline.

  • 23 Sept 2003

    LAM CHIK v. DIRECTOR OF HOUSING

    Citation
    LAM CHIK v. DIRECTOR OF HOUSING
    Court
    Lands Tribunal
    Case number
    LDHA3/2003

    The Tribunal accepted the Respondent's valuation methodology subject to correcting inconsistent application of adjustments, adopted an average unit rate of $17,205 per sq.m and assessed the market value of the subject property at $609,000; the premium is to be calculated in accordance with paragraph 1(b) of the Schedule to the Housing Ordinance on that basis and costs are awarded to the Respondent.

  • 12 Oct 1995

    MICHAEL BERNARD HAMLETT v. GRACE ING YNG SHONG HAMLETT

    Citation
    MICHAEL BERNARD HAMLETT v. GRACE ING YNG SHONG HAMLETT
    Court
    Court of Appeal
    Case number
    CACV52/1995

    The appeal is allowed in part: the court corrected the Sai Kung property valuation to a midway figure between two competent expert reports (net value $6.2m), upheld the trial judge's finding of equal beneficial ownership, and affirmed the exercise of discretion under s7(1)(a) to effect a clean break by allocating a 75% share to the wife (25% to the husband) and increasing the wife's buyout payment to $1.55m.