25 Apr 2014
WISH CONCEPT LTD AND OTHERS v. WEN-PAO VAN AND OTHERS
- Citation
- WISH CONCEPT LTD AND OTHERS v. WEN-PAO VAN AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS57000/2012
Applicants satisfied s.3 ownership threshold; expert evidence on valuation, structural and condition reports were accepted; Tribunal found redevelopment justified as building beyond economic repair and applicants had taken reasonable steps to acquire outstanding shares; the Tribunal fixed reserve price at HK$660,000,000 based on expert residual valuation, appointed trustees and ordered sale by public auction with approved particulars and conditions of sale.