21 Dec 2021
SOUND ADVICE PROPERTY LTD AND OTHERS v. MOK WAI CHING AND ANOTHER
- Citation
- [2021] HKLdT 79
- Court
- Lands Tribunal
- Case number
- LDCS18000/2020
The Tribunal held the applicants were entitled to apply (they held 80% and the Gazette notice lowered threshold to 80%); redevelopment was justified on age and state of repair based on uncontradicted expert building and structural reports; the Basement Units are not common parts and constitute property for valuation (applying Jumbo King reasoning and the factual chain of assignments), therefore their EUV must be assessed (with a 20% discount for title risk); total EUV was assessed at HK$163,650,380; residual valuation on accepted development model produced a land value and reserve price of HK…