23 Jun 2008
INTELLIGENT HOUSE LTD v. CHAN TUNG SHING AND OTHERS
- Citation
- INTELLIGENT HOUSE LTD v. CHAN TUNG SHING AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS11000/2006
The Tribunal held the Ordinance does not breach Basic Law Arts 29 or 105; applicant held the required >90% of undivided shares; EUV for apportionment is determined by the valuation report attached to the application (29 Sep 2006) and the Tribunal fixed revised EUVs after expert comparison; redevelopment was justified on grounds of age (cleared site value materially exceeded EUV due to obsolescence) and state of repair (cost to render tenantable exceeded enhancement value); applicant took reasonable steps to acquire minority shares; an order for sale by public auction was granted and reserve p…