5 Jul 2013
NEXT APEX LTD v. The Personal Representatives of the estate of WONG HING, deceased AND OTHERS
- Citation
- NEXT APEX LTD v. The Personal Representatives of the estate of WONG HING, deceased AND OTHERS<br>
- Court
- Lands Tribunal
- Case number
- LDCS53000/2012
The Tribunal held that statutory conditions were satisfied: Applicant owned the requisite majority (97.794%), complied with formalities (or obtained dispensation), took reasonable steps to acquire the minority shares, and provided persuasive expert evidence that the building's age and state of repair justify redevelopment; the Tribunal revised and adopted an RDV of $71,850,000 as reserve price and ordered compulsory sale by public auction with appointed trustees.