29 Aug 2013
EVERSOUND INVESTMENTS LTD v. LUI YIU WING AND OTHERS
- Citation
- EVERSOUND INVESTMENTS LTD v. LUI YIU WING AND OTHERS<br>
- Court
- Lands Tribunal
- Case number
- LDCS2000/2012
The Tribunal ordered compulsory sale because the applicant met the applicable lowered ownership threshold (80%), the Tribunal accepted the applicant's EUV determinations (scenario 1 for ground-floor units), found redevelopment justified by age and serious structural/condition defects with disproportionate repair costs, and concluded the applicant took reasonable, fair offers to acquire the remaining share; accordingly sale by public auction was ordered with a reserve price fixed at HK$78.20 million and trustees appointed.