Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Revitalization

Legal area

Court

11 Oct 2022

ABLE LUCK DEVELOPMENT LTD AND OTHERS v. BOLY METAL MANUFACTORY LTD AND OTHERS

Citation

[2022] HKLdT 52
Court

Lands Tribunal
Case number

LDCS11000/2018

The tribunal held that 'industrial zone' in the Notice means a zone formally designated for industrial use in the OZP; an OU(B) designation is distinct and not an industrial zone, so the Lot qualified for the reduced threshold under the Notice; revitalization was not a viable alternative on the facts and offered no reasonable prospect of success on appeal, therefore leave to appeal and stay were refused and costs awarded.
22 Apr 2022

ABLE LUCK DEVELOPMENT LTD AND OTHERS v. BOLY METAL MANUFACTORY LTD AND OTHERS

Citation

[2022] HKLdT 17
Court

Lands Tribunal
Case number

LDCS11000/2018

Applicants satisfied the applicable statutory ownership threshold (80% under Cap 545A because lot is OU(B) non-industrial), the Building is sufficiently aged and in a state of repair/obsolescence to justify redevelopment under section 4(2)(a), applicants took reasonable steps to acquire minority shares under section 4(2)(b), revitalization is not a statutory requirement nor a barrier to ordering compulsory sale, the tribunal determined the EUV at HKD 1,414,015,000 (as at 29 March 2018) and the RDV/reserve price at HKD 2,349,000,000 (as at 12 March 2021), and therefore granted an order for sal…