20 Feb 2023
ALLIANCE DEVELOP LTD v. DIRECTOR OF LANDS
- Citation
- [2023] HKLdT 12
- Court
- Lands Tribunal
- Case number
- LDLR1/2020
Tribunal applied the statutory market value test under s12(d), rejected adoption of alternative valuation definitions, analysed and selected appropriate comparables, applied multiplicative adjustments for time, location, frontage, headroom and layout, excluded unsuitable comparables, derived an adjusted unit rate and assessed the market value of the Property at $12,000,000 as at 6 December 2019.