31 Dec 2021
WONG ARLENE BEI LING AND OTHERS v. PAO ZEN KWOK PETER AND OTHERS
- Citation
- [2021] HKCFI 3904
- Court
- Court of First Instance
- Case number
- HCMP1406/2018
Court ordered sale by public tender only because a follow-on private tender allowing a co-owner to outbid (referential bid) would frustrate competitive bidding and likely reduce the price obtainable; appointed JLL as estate agent (0.35% fee) with specified marketing spend and valuation mechanism (mean of JLL and Knight Frank valuations as reserve price); set terms for viewing, deposit, successive reserve reductions, vacant possession 28 days before completion, distribution proportions and costs to be paid from proceeds.