5 Dec 2002
BOND STAR DEVELOPMENT LTD. v. CAPITAL WELL LTD.
- Citation
- BOND STAR DEVELOPMENT LTD. v. CAPITAL WELL LTD.
- Court
- Lands Tribunal
- Case number
- LDCS2000/2001
Tribunal held applicant qualified as majority owner and could include all constituent lots under s3(2)(a); statutory valuation under Part 1 Schedule 1 is to be prepared on existing‑use basis without regard to redevelopment potential even where buildings have been demolished; demolition does not bar an application but if no existing development the s4(2)(a) factors need not be considered and the tribunal must focus on s4(2)(b); applicant had taken reasonable steps to acquire the minority interest (offers up to HK$2,500,000 were fair and reasonable against the statutory apportionment ratio); co…