26 Jul 2021
KINSTAR DEVELOMENT LTD v. TSE YIU KUEN AND OTHERS
- Citation
- [2021] HKLdT 54
- Court
- Lands Tribunal
- Case number
- LDCS10000/2019
Tribunal held applicant met the statutory ownership threshold (reduced to 80% under the 2010 Notice), redevelopment of the buildings was justified by their age and state of repair, the applicant had taken reasonable steps to acquire outstanding interests, the Tribunal accepted the valuation approach and many adjustments of the applicant's expert (Ms Chow) and determined total EUV at HKD165,059,000 and land/RDV based reserve at HKD267,000,000 (rounded to HKD270,000,000), and ordered sale by public auction with appointed trustees and specified procedural conditions; indemnity costs were not awa…