17 Oct 2014
ULTRA ALPHA LTD AND ANOTHER v. THE PERSONAL REPRESENTATIVES OF CHAN PING CHIU, DECEASED
- Citation
- ULTRA ALPHA LTD AND ANOTHER v. THE PERSONAL REPRESENTATIVES OF CHAN PING CHIU, DECEASED
- Court
- Lands Tribunal
- Case number
- LDCS3000/2014
The Tribunal held that the applicants satisfied the lowered 80% ownership threshold under the s3(5) Notice for buildings with occupation permits older than 50 years; the EUV assessments in the applicants' valuation reports were fair and reasonable (including a modest discount for non‑conforming ground floor uses), redevelopment of the Lots was justified on age and state of repair grounds supported by expert structural and building survey evidence, the applicants took reasonable steps to acquire the remaining shares (respondent deceased and unrepresented), and accordingly made an order for com…