Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Lease modification premium

Legal area

Court

28 Jul 2025

TAI CHUNG PROPERTY LTD v. CHEN LAN SUM IRENE

Citation

[2025] HKLdT 40
Court

Lands Tribunal
Case number

LDCS4000/2023

The Tribunal found statutory preconditions satisfied (applicant met ownership threshold taking into account lowered percentage for >50‑year buildings), redevelopment was justified on age and serious structural defects shown by uncontested expert evidence, the applicant had taken reasonable steps to acquire the minority interest including multiple offers (one offering to pay the premium), valuation disputes were resolved by adopting the experts' agreed and preferred adjustments resulting in EUV HKD122,292,000 and an RDV/reserve price of HKD83,300,000, and therefore an order for sale by public…
21 Oct 2003

NAM CHUN INVESTMENT CO LTD v. THE DIRECTOR OF LANDS

Citation

NAM CHUN INVESTMENT CO LTD v. THE DIRECTOR OF LANDS
Court

Lands Tribunal
Case number

LDLR3/2000

The tribunal must assess on the evidence whether the Applicant's comparables contained speculative 'hope value'; evidence of hope value cannot be automatically excluded and if there is no evidence of inflation the comparables and the comparing‑like‑with‑like method may be used; on the balance of probabilities the Applicant's comparables were not shown to be inflated and compensation is to be awarded based on unit rate $12,000/m2 leading to total compensation of $56,970,000.