21 Jan 2022
CENTURY SUPREME INTERNATIONAL LTD v. KAM CHI KIT CHARLES AND OTHERS
- Citation
- [2022] HKLdT 6
- Court
- Lands Tribunal
- Case number
- LDCS24000/2018
The Tribunal found the applicant met statutory prerequisites including the lowered 80% threshold and produced timely valuation; the offers made fell within a fair and reasonable band; expert evidence established the Building’s age, obsolescence and state of repair justified redevelopment under s 4(2)(a); therefore an order for sale was appropriate with EUV and RDV determined and reserve price fixed at HKD 1,732,000,000.