23 Dec 2011
SURPLUS COME LTD AND OTHERS v. KAN KWONG HUNG PAUL
- Citation
- SURPLUS COME LTD AND OTHERS v. KAN KWONG HUNG PAUL
- Court
- Lands Tribunal
- Case number
- LDCS19000/2011
The Tribunal accepted unchallenged expert evidence that the Building is structurally and economically beyond reasonable repair and that redevelopment is justified; the valuation expert’s RDV of HK$216,500,000 was reliable and the applicants’ offers were within the range of fair and reasonable; accordingly statutory conditions in Cap.545 were satisfied and an order for compulsory sale was granted with the reserve price set at the RDV.