6 Sept 2022
GAIN UNION LTD v. LEUNG CHI MAN
- Citation
- [2022] HKLdT 44
- Court
- Lands Tribunal
- Case number
- LDCS5000/2021
The Tribunal found the applicant met the statutory threshold (80% applicable) at the time of application, redevelopment was justified by the age and materially degraded structural condition of the building (expert structural and condition reports), the applicant had taken reasonable steps to acquire the respondent's interest including making successive offers that fell within a fair and reasonable band, adopted the EUV share for the respondent at 4.9220% (scenario excluding value of UBWs), determined the RDV of the lot at HKD 120,000,000 and fixed that as the reserve price, appointed nominate…
- Compulsory sale for redevelopment
- Redevelopment justification (age/state of repair)
- Reasonable negotiation for purchase of minority interest (s4(2)(b))
- Existing use value (euv) valuation
- Residual redevelopment value (rdv) and reserve price
- Unauthorised building works (ubw)