9 Sept 2024
廈門新景地集團有限公司 formerly known as 廈門市鑫新景地房地產有限公司 v. ETON PROPERTIES LTD AND OTHERS
- Citation
- [2024] HKCFI 2373
- Court
- Court of First Instance
- Case number
- HCCL13/2011
The court adopted Mr Leung's bundled-transactions valuation methodology subject to the locational adjustments recommended by Mr Lau (including a 7.5% upward bulk discount and unit-specific frontage/size/layout adjustments) and accepted the post-valuation-date transactions with a -5.4% time adjustment; it rejected the defendants' claim that project management costs were shown to be deductible, and ordered final damages to be computed on that basis resulting in the figures reflected in Approach 4.