12 Mar 2008
THE INCORPORATED OWNERS OF LEE HANG INDUSTRIAL BUILDING v. BILLION DEVELOPMENT & PROJECT MANAGEMENT LTD
- Citation
- THE INCORPORATED OWNERS OF LEE HANG INDUSTRIAL BUILDING v. BILLION DEVELOPMENT & PROJECT MANAGEMENT LTD
- Court
- Court of First Instance
- Case number
- HCMP2243/2007
The court held that the power to own undivided shares in the building necessarily includes the power to sell those shares absent any statutory or contractual restriction; BMO s.43 and the definition of owner in s.2 together support that conclusion, therefore the Incorporated Owners have the power to acquire and to sell the properties registered in their name.