11 Mar 2005
WONG KAI HUNG v. DIRECTOR OF HOUSING
- Citation
- WONG KAI HUNG v. DIRECTOR OF HOUSING
- Court
- Lands Tribunal
- Case number
- LDHA4/2004
The Tribunal determined the prevailing market value as at the valuation date (8 September 2004) by selecting non-corner comparables (Comparables 2,4,8,9,11) and discarding Comparable 13 as temporally remote, applying accepted percentage adjustments (including 0.3% per floor, time index adjustments, view/orientation, averaged 3% for internal defects and a specific noise adjustment for Comparable 11), deriving an average adjusted unit rate of $22,276 per sq.m and applying it to the saleable area of 33.7 sq.m to arrive at $750,700; costs awarded to appellant to be taxed if not agreed.