15 Jan 2002
NAM CHUN INVESTMENT CO. LTD. v. DIRECTOR OF LANDS
- Citation
- NAM CHUN INVESTMENT CO. LTD. v. DIRECTOR OF LANDS
- Court
- Court of Appeal
- Case number
- CACV1636/2001
Section 12(c) excludes compensation for expectancies or probabilities of future grants or interests (eg licences) but does not exclude valuation of the land's inherent attributes or potentialities; where comparable sales are properly analogous (not driven by the resumption scheme) their prices reflecting potentialities may be used to assess market value under s.12(d); on the facts the Lands Tribunal correctly used comparable sales and the appeals are dismissed.