30 Nov 2020
SPOTTING BRIGHT LTD v. THE PERSONAL REPRESENTATIVES OF CHENG YU CHUN, DECEASED AND OTHERS
- Citation
- [2020] HKLdT 57
- Court
- Lands Tribunal
- Case number
- LDCS12000/2019
Applicants satisfied statutory conditions: they held the requisite majority; the Building is obsolete and in poor repair making redevelopment justified; expert valuation evidence established EUV at $770,090,000 and residual valuation established RDV/reserve price at $1,450,000,000; reasonable steps to acquire all undivided shares were taken (offer made and substituted service where necessary); therefore tribunal granted order for sale and ancillary directions.