23 May 1996
Chum Hon Chi v. Director of Lands
- Citation
- Chum Hon Chi v. Director of Lands
- Court
- Lands Tribunal
- Case number
- LDLR22/1994
Applicant entitled to compensation restoring business position at date of resumption; goodwill assessed by taking adjusted net annual profit of HK$1,000,000, applying a multiplier of 5 (reflecting realistic life) and discounting at 9% (factor 3.9) to yield goodwill HK$3,900,000; machinery/equipment replacement value fixed at HK$658,850 less auction proceeds HK$50,000 = HK$608,850; add fixtures HK$67,300 and other allowed costs to total compensation HK$4,650,000; relocation not required on facts.