24 Oct 1984
TSANG CHUN KI AND ANOTHER v. DIRECTOR OF ENGINEERING DEVELOPMENT
- Citation
- TSANG CHUN KI AND ANOTHER v. DIRECTOR OF ENGINEERING DEVELOPMENT
- Court
- Lands Tribunal
- Case number
- LDMT2/1984
The Tribunal found the property was resumed subject to tenancies, that redevelopment likelihood was established though not imminent, and that on all the evidence the appropriate reduction from the agreed vacant possession value of $671,100 to reflect tenancies was 25%, yielding compensation of $503,325; expert investment valuation suggesting a 47% discount was rejected as inappropriate on the facts.