Assessment of compensation on land resumption and other statutory claims together with related Ex-gratia Compensation rates of agricultural and building land
Valuation Section is responsible to examine the statutory compensation assessments arising from land resumed and temporarily occupied, as well as land interest extinguished.
Compensation of land and interest being resumed or extinguished are generally assessed on the Open Market Value basis. Depending on the provision of the relevant legislations, compensation may be assessed with reference to the redevelopment value or existing use value of the affected interest. The Valuation Section also considers assessments for claims for business loss arising out of the resumption of buildings or land, including claims submitted under the Mass Transit Railway (Land Resumption and Related Provisions) Ordinance submitted by District Lands Offices and other specialist sections.
The following Ordinances provide various heads of claim and mechanism for statutory compensation:
|(I)||Examples of Ordinances Involving Resumption/ Compensation|
|(a)||Lands Resumption Ordinance, Cap.124|
|(b)||Roads (Works, Use and Compensation) Ordinance, Cap.370|
|(c)||Railways Ordinance, Cap. 519|
|(II)||Examples of Ordinances Involving Compensation for Extinguishment of Rights|
|(a)||Foreshore and Sea-bed (Reclamations) Ordinance, Cap.127|
|(b)||Hong Kong Airport (Control of Obstructions) Ordinance, Cap. 301|
Moreover, Valuation Section is responsible for conducting half-yearly review of ex-gratia compensation rates for land resumed by Government in the New Territories. For current and historical ex-gratia rates, please refer to the link.