19 Oct 2022
APEX INTELLIGENCE LTD v. CHAN HOI KUEN AND OTHERS
- Citation
- [2022] HKLdT 55
- Court
- Lands Tribunal
- Case number
- LDCS5000/2019
Tribunal held applicant entitled to bring the application under s.3(2)(b) applying the averaging exception because the buildings are connected by a staircase for common use; redevelopment was justified by age and structural/state-of-repair evidence; applicant had taken reasonable steps to acquire remaining interests where owners were missing or estates were restrained; Tribunal determined RDV at HKD 260,000,000, ordered sale of all undivided shares by public auction with appointed trustees, directed discharge or vesting arrangements for listed incumbrances and made specified costs orders.