18 Dec 2014
FULLY INTERNATIONAL LTD AND ANOTHER v. CHAN MAN KONG ALIAS CHAN SANG, by the Official Solicitor, his guardian ad litem AND OTHERS
- Citation
- FULLY INTERNATIONAL LTD AND ANOTHER v. CHAN MAN KONG ALIAS CHAN SANG, by the Official Solicitor, his guardian ad litem AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS18000/2011
The tribunal accepted the applicants satisfied the statutory ownership threshold as modified by notice, accepted the expert EUV and RDV valuations, found the building's age and poor condition justified redevelopment, concluded the offers made to missing owners were within a fair and reasonable range, and therefore granted an order for sale by public auction with the RDV-based reserve price of HKD 240,000,000 and appointed trustees to manage the sale.