13 Feb 2025
WISE GRACE INVESTMENT LTD AND OTHERS v. LUI MAN DUNG AND OTHERS
- Citation
- [2025] HKLdT 5
- Court
- Lands Tribunal
- Case number
- LDCS15000/2021
On the proper construction of Cap 545 the tribunal must be satisfied of the s4(2) prerequisites before ordering sale; here the applicants met the ownership threshold and, applying the tenantable standard to expert evidence, the buildings' age and state of repair justify redevelopment and applicants took reasonable steps to acquire shares; there is no residual discretion to refuse sale once s4(2) is satisfied; RDV set at $242,000,000; order for sale made and trustees appointed; costs ordered nisi in favour of respondents to be taxed if not agreed.