30 May 2007
GAININN CO LTD v. THE DIRECTOR OF LANDS
- Citation
- GAININN CO LTD v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR5/2006
Tribunal adopted the eight agreed comparables, applied Tribunal's adopted adjustments (producing an average adjusted unit rate of $173,251 per sq.m), accepted deduction for conversion/compliance costs of $50,000 and a deferral of 3.5 months discounted at a 7% p.a. capitalization rate, and awarded compensation accordingly: Shop 239 $7,209,000 and Shop 237 $6,915,000.