15 Jun 2004
KEEP POINT DEVELOPMENT LTD v. CHAN CHI YIM AND OTHERS
- Citation
- KEEP POINT DEVELOPMENT LTD v. CHAN CHI YIM AND OTHERS
- Court
- Court of Final Appeal
- Case number
- FACV9/2002
The Court held that compensation for individual unit holders is to be based on the agreed joint valuation subject to adjustment for unit‑specific special features (eg exclusive roof access, special/ recent decoration) not reflected in that valuation; heads of recoverable loss include removal expenses, reasonable incidental purchase expenses, possible separate recovery for borrowing/mortgage costs if particularised, additional repurchase cost where market rise prevented timely acquisition, and rental allowance limited by the duty to mitigate; interest and costs follow established rules includi…