7 May 2014
DAY BRIGHT DEVELOPMENT LTD AND OTHERS v. CHOW BOWEN CHUN-SING AND OTHERS
- Citation
- DAY BRIGHT DEVELOPMENT LTD AND OTHERS v. CHOW BOWEN CHUN-SING AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS20000/2012
Applicants satisfied statutory ownership threshold under the Ordinance read with the Gazette notice; expert valuation evidence of EUV was accepted as fair and reasonable for minority owners; independent structural and building surveys established the Building is beyond reasonable economic repair and redevelopment is justified; applicants proved they took reasonable steps to acquire remaining shares; accordingly the Tribunal ordered compulsory sale by public auction with reserve price set at the assessed RDV of HKD 421,000,000 and appointed trustees to conduct sale.