10 Jan 2012
MASS VENTURES INTERNATIONAL LTD v. ALL LUCKY DEVELOPMENT LTD AND OTHERS
- Citation
- MASS VENTURES INTERNATIONAL LTD v. ALL LUCKY DEVELOPMENT LTD AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS20000/2010
On the evidence (uncontested by the 4th Respondent) the Building is in a dangerous and dilapidated condition and of obsolete design such that redevelopment is justified on grounds of age and state of repair; the Applicant took reasonable steps to acquire the remaining share (entered provisional agreement) and is entitled to an order for compulsory sale; the Tribunal accepts the applicant's revised RDV and fixes the reserve price at HKD 333,050,000, appoints trustees and provides for apportionment and trust payment directions.