28 Aug 1996
Mok Wing Shu t/a Wing Fai Hardware Co. v. Director of Lands
- Citation
- Mok Wing Shu t/a Wing Fai Hardware Co. v. Director of Lands
- Court
- Lands Tribunal
- Case number
- LDLR21/1994
Applicant entitled to compensation under s.10(2)(d) to restore his business position; there was insufficient evidence that the business relocated; auction proceeds of HK$22,000 were taken as reliable market indicator and multiplied by 5 to value stock at HK$110,000 yielding an awarded loss on forced sale of HK$88,000; fixtures and fittings accepted on documentary cost less 20% depreciation at HK$298,720; profit rent accepted as HK$83,800 per respondent expert; ancillary costs allowed; total compensation fixed at HK$560,000.