Case Study - Valuation & Professional Services
Shop A2, G/F, 78 Fa Yuen Street - Mong Kok, Kowloon

Specialist Property Services and Sectors

To secure a fair compensation for the resumption by the Government of a shop at the famous “Sneaker Street”

The Brief

The shop was resumed by the Government in 2011. The Government’s offer of compensation was about HK$55 million. The owner rejected the offer and filed a claim to the Lands Tribunal under Lands Resumption Ordinance. We were appointed as valuation expert by the owner in the litigation.

Our Solution

We submitted a valuation of the subject shop at $105 million to the Lands Tribunal and gave evidence during the hearing. Eventually the Lands Tribunal determined the value of the shop at about HK$97 million, 77% above the previous offer of compensation..

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Key Contacts

Charles Chan

Charles Chan

Managing Director
Valuation and Professional Services

kamaco Two Exchange Square, 28/F

+852 2842 4523

 
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