Abstract
The author studies the features of the compensation principles for compulsory acquisition of leasehold land in Hong Kong, China and Australia to determine which of them offers more favourable compensation to dispossessed landowners. He states that the market value of leasehold land in Hong Kong is based on the permitted use and length of the lease. He notes that the compensation principles in Australia are written in the statutes and are continuously being fine-tuned by court rulings.
Original language | English |
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Number of pages | 12 |
Journal | Property Tax Assessment & Administration |
Publication status | Published - 2008 |
Keywords
- land tenure
- landowners
- leases
- valuation
- Hong Kong (China)
- Australia