30 Nov 1982
HOFEI ESTATES LTD v. SECRETARY FOR CITY AND NEW TERRITORIES ADMINISTRATION
- Citation
- HOFEI ESTATES LTD v. SECRETARY FOR CITY AND NEW TERRITORIES ADMINISTRATION
- Court
- Lands Tribunal
- Case number
- LDLR1/1982
Tribunal fixed compensation at HKD 26,000,000 by applying market comparables adjusted to an agreed effective rate of HKD 3,400 per square metre for the 9,308 sq.m. site (HKD 31,650,000) and allowing end deductions of HKD 2,000,000 for graves, HKD 2,800,000 for additional infrastructure, and HKD 900,000 for tenant compensation; Tribunal held to disregard value changes attributable entirely to the resumption scheme, preferred aggregate approach as generally acceptable though residual method would have been preferable if supported by evidence, and directed payment with statutory interest and cos…