17 Mar 2026
SUCCESS BRAVO LTD v. THE CHINA HONG NIN LIFE INSURANCE COMPANY LTD AND OTHERS
- Citation
- [2026] HKLdT 14
- Court
- Lands Tribunal
- Case number
- LDCS19000/2022
Although the Applicant satisfied procedural prerequisites and made reasonable offers, the Tribunal found redevelopment was not justified on either 'age' or 'state of repair'. The adjusted repair cost ($15,000,000) compared to the adopted reconstruction cost ($77,000,000) produced a Cost Ratio of ~19.5% (below the Tribunal benchmark 25%), and the repair cost as a proportion of Existing Use Value was ~2.7% (below the financial viability benchmark of 3%). On that basis, the proposed repairs were cost effective and financially viable and did not meet the statutory threshold for compulsory sale un…