10 Dec 2010
WONG SO HEUNG AND ANOTHER v. THE DIRECTOR OF LANDS
- Citation
- WONG SO HEUNG AND ANOTHER v. THE DIRECTOR OF LANDS
- Court
- Lands Tribunal
- Case number
- LDLR11/2008
Tribunal selected six comparables (AC1/RC6, AC2/RC5, AC3/RC4, AC4/RC3, AC6/RC2, AC8/RC1), applied specified percentage adjustments (location, quantum, layout, no age adjustment), accepted RVD retail market yield of 5.4% for reversion and term yield of 4.9%, used effective area 58.178 sq.m., computed vacant OMV $3,860,000 and OMV subject to tenancy $3,885,000, and awarded compensation of $3,885,000 to the Applicants.