29 Jun 1992
SHUN FUNG IRONWORKS LTD v. DIRECTOR OF BUILDINGS AND LANDS (VOLUME III)
- Citation
- SHUN FUNG IRONWORKS LTD v. DIRECTOR OF BUILDINGS AND LANDS (VOLUME III)
- Court
- Lands Tribunal
- Case number
- LDLR18/1987
Relocation claim dismissed as speculative; valuation must be fixed to the statutory date with limited hindsight; plant and machinery valued by depreciated replacement cost with realistic allowance for obsolescence and remaining life; stock, land and buildings valued by reference to agreed and analysed comparables and depreciated replacement cost; C.A.P.M. and P/E approaches examined and judged of limited or no utility in this case for a lone private company; adopted judgmental capitalisation/discounting approach to reach a fair market-based figure and awarded HK$131,030,728 on the extinguishm…