13 Mar 2023
SKY DYNAMIC INTERNATIONAL INVESTMENTS LTD v. HO PING FOOK and WONG SAI MING, the appointed representative of the estate of WONG HANG, deceased
- Citation
- [2023] HKLdT 20
- Court
- Lands Tribunal
- Case number
- LDCS12000/2022
The Tribunal granted the compulsory sale order because the applicant met the statutory 90% ownership threshold, adducing expert evidence that the Building is beyond economic repair and redevelopment is justified, the applicant had taken all reasonable steps to acquire the remaining interest, and it was appropriate under the Ordinance and guiding authority (Capital Well) to direct sale together with the adjacent lot with a reserve price fixed at $157,000,000 and proceeds apportioned by EUV under the Ordinance.