3 Sept 2008
LINGRADE DEVELOPMENT LTD v. SECRETARY FOR THE ENVIRONMENT, TRANSPORT AND WORKS
- Citation
- LINGRADE DEVELOPMENT LTD v. SECRETARY FOR THE ENVIRONMENT, TRANSPORT AND WORKS
- Court
- Lands Tribunal
- Case number
- LDRW2/2005
The Tribunal held that the TOA caused the agreed delay and that the Applicant incurred reasonable additional costs and losses as a consequence; accordingly the Applicant was entitled to disturbance payments for specified heads where causal link and reasonable quantum were proven. The Tribunal accepted the Applicant's claim for the extra building covenant premium at the 14% penal rate, awarded specified sums for cable trench and fence works, and assessed loss of sales proceeds at HKD 10,200,000 after rejecting unsuitable comparables and determining a 24-month hypothetical sale period; extra fi…