Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Redemption sum calculation
  • 5 Dec 2025

    RE LAM MUK CHOI

    Citation
    [2025] HKCFI 4801
    Court
    Court of First Instance
    Case number
    HCMP1454/2025

    The applicant established he took reasonable steps to locate the mortgagee who could not be found; the mortgage endorsement showed a nominal original sum and no evidence of onerous terms; applying the established s12A principles the court exercised its discretion to permit payment into court of HK$325 (principal plus 10% per annum over 120 years to cover interest and contingencies) and ordered advertisement and procedural steps prior to final declaration.