Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Income capitalization
  • 11 Nov 2016

    SNOWLAND LTD v. DIRECTOR OF LANDS

    Citation
    SNOWLAND LTD v. DIRECTOR OF LANDS
    Court
    Lands Tribunal
    Case number
    LDLR2/2014

    The applicant, as registered owner immediately prior to reversion, is entitled to compensation under the LRO; the partition wall(s) did not render the proprietary interest an unauthorized structure for purposes of denying compensation because the three-dimensional proprietary interest exists irrespective of internal partitions, the partitions were likely exempt non-structural works under the BO (s41(3)), and sections 12(b) and 12(c) did not apply to extinguish the entitlement. On valuation, the Tribunal admitted late comparable T9 and allowed income-capitalisation cross-checking; it found sub…