21 Oct 2003
NAM CHUN INVESTMENT CO LTD v. THE DIRECTOR OF LANDS
- Citation
- NAM CHUN INVESTMENT CO LTD v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR3/2000
The tribunal must assess on the evidence whether the Applicant's comparables contained speculative 'hope value'; evidence of hope value cannot be automatically excluded and if there is no evidence of inflation the comparables and the comparing‑like‑with‑like method may be used; on the balance of probabilities the Applicant's comparables were not shown to be inflated and compensation is to be awarded based on unit rate $12,000/m2 leading to total compensation of $56,970,000.