11 Dec 2008
SUEN PING FAT also known as SUN PING FAT v. THE DIRECTOR OF LANDS
- Citation
- SUEN PING FAT also known as SUN PING FAT v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR8/2007
Tribunal held valuation date was 5 November 2005, adopted valuation on existing tenancy basis using direct comparison principles with selected comparables AC1/RC3, AC3/RC5, AC5/RC10 and RC9 (discarding two superior Wanchai Road comparables), applied specific percentage adjustments (time, location, obstruction, size, frontage, layout, headroom and building age), calculated vacant possession OMV at $8,410,000 and OMV subject to tenancies at $8,400,000, and ordered the Respondent to pay the Applicant compensation of $8,400,000; matters of fees, interest and costs reserved.