20 May 2011
KAISILK DEVELOPMENT LTD v. DIRECTOR OF LANDS
- Citation
- KAISILK DEVELOPMENT LTD v. DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR1/2005
Applying the residual method with the parties' agreed assumptions and the Tribunal's determinations on comparables adjustments, ground floor unit rate $264,349 psm, first floor unit rate at one-fifth of ground floor ($52,870 psm), discount rate 10.75%, and a 6-month allowance to obtain vacant possession, the open market value of the Subject Property at the date of resumption is determined to be HK$74,451,000.