28 Oct 2021
MASTER HONEST INVESTMENTS LTD v. HO SUI KUEN WANLY AND ANOTHER
- Citation
- [2021] HKLdT 71
- Court
- Lands Tribunal
- Case number
- LDCS24000/2020
The Tribunal found the applicant met the statutory ownership threshold (>90%), accepted expert evidence that the building is obsolete and in poor repair so redevelopment is justified under section 4(2)(a), held that the applicant took reasonable steps to acquire the remaining shares with offers within a fair and reasonable band under Capital Well and section 4(2)(b), determined the EUV total at HKD 344,500,000 and the RDV/reserve price at HKD 522,100,000 (valuation date 16 August 2021), and therefore granted an order for sale by public auction with the stated conditions.