3 Apr 2001
Yuen Long Fish Merchant\'s Association Ltd.. v. Secretary for Transport
- Citation
- Yuen Long Fish Merchant\'s Association Ltd.. v. Secretary for Transport
- Court
- Lands Tribunal
- Case number
- LDMR44/2000
Tribunal determined open market value at date of reversion (16 January 1999) by adopting investment method: adopted adjusted unit rent $480 per sq.m.p.a. for site area 2,804 sq.m. giving annual rent $1,345,920, capitalised at an adopted yield of 9.17% to produce $14,680,000, less demolition/preparation cost $500,000, resulting in compensation of $14,180,000; interest and costs ordered as per statute and tribunal practice.