21 Apr 2023
ASIA BRIGHT ENTERPRISES LTD AND OTHERS v. LIU CHEUK MAN AND OTHERS
- Citation
- [2023] HKLdT 30
- Court
- Lands Tribunal
- Case number
- LDCS35000/2019
Applicants satisfied the statutory ownership threshold and demonstrated redevelopment of the building was justified due to age and poor state of repair; applicants took reasonable steps to acquire remaining undivided shares and offers were within a fair and reasonable band; the ground floor units Nos 72A,72B,72C and 74A To Kwa Wan Road should be valued together as one large shop on an existing use value/highest and best use basis; marriage value from adjoining sites should not be included in the redevelopment value of the Lot on its own; the Tribunal fixed the redevelopment value (reserve pri…