4 Aug 2017
ALLIANCE FAME LTD AND OTHERS v. MAK KAM TO AND OTHERS
- Citation
- ALLIANCE FAME LTD AND OTHERS v. MAK KAM TO AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS9000/2015
The Tribunal held applicants were entitled to apply under the lowered 80% threshold; on expert evidence the Building was over 50 years and in poor structural and general repair such that redevelopment was justified; applicants had taken reasonable steps to acquire remaining shares by multiple offers above EUV/RDV; Tribunal accepted the applicants' residual valuation methodology with adjustments and fixed the land/RDV and auction reserve price at HKD 1,620,000,000, ordered sale by public auction, appointed trustees and made a costs order nisi in favour of certain respondents.