27 Sept 2013
EVERSOUND INVESTMENTS LTD v. CHIU HUNG YEU AND OTHERS
- Citation
- EVERSOUND INVESTMENTS LTD v. CHIU HUNG YEU AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS38000/2012
Applicant satisfied statutory ownership threshold under the s3(5) Notice; the Tribunal accepted the applicant's expert EUV valuations (scenario assuming permitted domestic G/F use) as fair and reasonable for all units including minority interests; expert building and structural evidence established the building was dilapidated and repair costs disproportionate, justifying redevelopment; Applicant took reasonable steps to acquire outstanding interests by making offers within a fair and reasonable range; accordingly an order for compulsory sale by public auction was warranted, reserve price fix…