31 Mar 2026
MODEST INTERNATIONAL LTD v. CROWN LANE INVESTMENT LTD AND OTHERS
- Citation
- [2026] HKLdT 19
- Court
- Lands Tribunal
- Case number
- LDCS11000/2022
Applicant satisfied statutory ownership threshold (80% per 2010 Notice); expert evidence on condition and structure established buildings are old and in poor repair making redevelopment justified under s.4(2)(a)(i); valuation evidence established EUV at HK$1,135,490,000 (as at 30.3.2022) and RDV by residual method at HK$2,027,000,000; applicant took reasonable steps to acquire remaining shares with offers supported by valuation evidence; therefore Tribunal ordered compulsory sale by public auction, appointed trustees, set reserve price at HK$2,027,000,000, and issued directions on delivery of…