Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Car parking ratio
  • 30 Jul 2002

    Secretary for Transport v. Wong Bun

    Citation
    Secretary for Transport v. Wong Bun
    Court
    Lands Tribunal
    Case number
    LDRW14/2001

    On review the Tribunal held that it did not err in admitting and using comparables AC1, AC2, RC1 and AC4 for valuation of private car space P7 and refused to increase its value (remained HK$300,000); it accepted comparable AL2 for lorry space L17 but allowed an additional +10% adjustment for narrower width (in addition to +11% for car parking ratio), revising AL2 adjusted price to HK$363,000 and recalculating the average adjusted lorry comparables to HK$435,000, thereby varying total compensation from HK$1,964,000 to HK$1,969,000; the Tribunal admitted pages 222-225 of Exhibit A-2 but rejecte…