Secretary for Transport v. Poon Chi Man and Ho Sai Mui

LDMR000042M/2000

LDMR 42 OF 2000

IN THE LANDS TRIBUNAL OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

MISCELLANEOUS REFERENCE APPLICATION NO. 42 of 2000

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Date of delivery of Judgment: 8 August 2001

Date of Corrigenda: 21 August 2001

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C O R R I G E N D A

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(1) In paragraph 36 of the Judgment dated 8th August 2001 ("the Judgment"), the following floor adjustments are to replace the figures stated therein: -

(2) After allowing the value of the top roof as 1/10 of the unit rate of the 25th Floor, the unit rate for RC4 in paragraph 37 of the Judgment is adjusted to $5,704 per sq. m., and the consequential total adjustments for the comparables and their corresponding adjusted unit rates as set out in paragraphs 36 and 37 of the Judgment are hereby amended to read as follows: -

(3) As a result, the adjusted unit rates for the two aforesaid buildings in paragraphs 37 and 39 of the Judgment are amended to read as $5,990 per sq. m. and $7,349 per sq. m. respectively, the average adjusted unit rate of the six comparable buildings as set out in paragraphs 39 and 41 of the Judgment is amended to read as $6,007 per sq. m. and the open market value of the subject property as set out in paragraph 41 of the Judgment is amended to read as $463,740 (77.2 sq. m. x $6,007 per sq. m.).

(4) The amount of compensation payable to the Respondents as set out in paragraph 42 of the Judgment is accordingly amended to read as follows:-

(a)	Open Market Value of the Property	$463,740
(b)	Loss of Rental Income	$41,900
	Total compensation	$505,640
	Rounded to	$506,000