15 Aug 2013
EVERSOUND INVESTMENTS LTD v. WONG HIU MAN AND OTHERS
- Citation
- EVERSOUND INVESTMENTS LTD v. WONG HIU MAN AND OTHERS<br>
- Court
- Lands Tribunal
- Case number
- LDCS10000/2012
Applicant satisfied statutory ownership threshold under the s3(5) Notice (80% threshold); Tribunal accepted expert valuation using permitted use (scenario 1) for EUVs; expert building and structural evidence established redevelopment is justified by age and defects and repair costs; Applicant took reasonable steps to acquire remaining shares; accordingly an order for compulsory sale was warranted, reserve price fixed at HK$83,500,000, trustees appointed and sale particulars approved.