15 Feb 1984
SZETO CHOP AND OTHERS v. CHUTE INVESTMENT CO LTD
- Citation
- SZETO CHOP AND OTHERS v. CHUTE INVESTMENT CO LTD
- Court
- Lands Tribunal
- Case number
- LDBG3/1981
The Tribunal held applicants were entitled to compensation under ss.18 and 18A of the Buildings Ordinance for loss of rental value and for necessary repair costs; insufficient evidence supported a separate award for loss of profits; the shoring was reasonably expected to remain until June 1986, rental reductions were assessed (10% for ground-floor shop, 25% for first-floor flat), future losses were discounted at 12% to present value, and awards were made accordingly with orders for restoration under s.18(4) and payment of costs on the District Court scale.