23 Jan 2019
JOIN EASE INVESTMENT LTD v. DIRECTOR OF LANDS
- Citation
- [2019] HKLdT 6
- Court
- Lands Tribunal
- Case number
- LDLR11/2016
The Tribunal held that as at the resumption date the resumed lots lacked vehicular access and were subject to a Block Government Lease covenant that required approval before any building; accordingly s.12(c) applied to exclude development expectancy (including NTEH potential) and the best use was open storage with pedestrian access only; compensation was assessed on comparables for open storage, yielding a market value basis and total compensation of HKD 163,181.