7 Sept 2023
CENTURY TREASURE LTD AND ANOTHER v. OR PUI KWAN AND OTHERS
- Citation
- [2023] HKLdT 55
- Court
- Lands Tribunal
- Case number
- LDCS4000/2021
The tribunal granted the compulsory sale order: it found (1) the applicants met the statutory ownership threshold under the Notice, (2) the Building is obsolete and in poor repair so redevelopment is justified under section 4(2)(a), (3) the applicants took reasonable steps to acquire remaining shares under section 4(2)(b) because offers reflected proportionate shares of RDV and fell within fair and reasonable range, (4) Schedule 2(2) requires the reserve price to be based on redevelopment potential of the subject lots on their own and excludes merged site uplift absent clear evidence, (5) the…