6 Dec 2017
SKY REACH ENTERPRISES LTD AND OTHERS v. THE PRESONAL REPRESENTATIVE OF THE ESTATE OF CHAN KIT HEN, DECEASED
- Citation
- SKY REACH ENTERPRISES LTD AND OTHERS v. THE PRESONAL REPRESENTATIVE OF THE ESTATE OF CHAN KIT HEN, DECEASED
- Court
- Lands Tribunal
- Case number
- LDCS3000/2017
Applicants met the statutory ownership threshold (80%) under the specified Notice; the Tribunal accepted the valuers' EUV and RDV assessments in the absence of contradictory evidence; expert evidence established the Building is old and in poor repair making redevelopment justified; applicants took reasonable steps (no offer required where owner is missing); accordingly an order for sale by public auction with reserve price equal to the RDV of HKD81,200,000 and appointment of trustees to hold the respondent's share pending related proceedings was warranted.