15 May 1995
WONG YIK PO and Others v. DIRECTOR OF LANDS
- Citation
- WONG YIK PO and Others v. DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR16/1994
The Tribunal gave primary weight to the comparative method but, because some comparables were resumption settlements, also incorporated residual analysis; it adjusted the primary comparables (arriving at an AV of $22,000/m2 and comparative site value rounded to $34,340,000), reconciled with a residual-derived open market land estimate (~$33.5M) and after applying appropriate discounting for statutory notice (6 months) and capitalisation of term income determined the compensation payable at $33,000,000. The Tribunal also set mandatory standards for Rule 20 reports (metric units, explicit metho…