19 Dec 2008
SUPREME HONOUR DEVELOPMENT LTD v. THE DIRECTOR OF LANDS
- Citation
- SUPREME HONOUR DEVELOPMENT LTD v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDMT1/2001
Tribunal upheld its original valuation methodology adopting the Grade B Office Rental Index, rejected most of Applicant's review grounds on comparables, use of PRRI, tenant inertia and mitigation of vacancy losses, but allowed one additional award of $184,040 for 20/F and granted Respondent's cross‑review to apply Grade B uniformly to 10/F and 22/F resulting in adjusted figures; overall compensation reduced to HKD 3,524,789; mitigation obligations and a 5% natural vacancy assumption were held appropriate given the evidence.