15 Oct 2020
TOP HARMONY LTD v. CHEUNG YUET SHEUNG AND OTHERS
- Citation
- [2020] HKLdT 42
- Court
- Lands Tribunal
- Case number
- LDCS39000/2018
Applicant satisfied statutory ownership threshold (applicable lower threshold 80%), demonstrated redevelopment of the Lot was justified on grounds of age and state of repair, and had taken reasonable steps to acquire remaining shares; merged‑site marriage value/Clay factor was not to be treated as part of the Lot's RDV for reserve price; accordingly Tribunal ordered sale by public auction with reserve price set at HK$326,830,000 and awarded costs to respondents (subject to specified allocation).