8 Oct 2013
EVERSOUND INVESTMENTS LTD v. YEUNG WAI SHAN AND OTHERS
- Citation
- EVERSOUND INVESTMENTS LTD v. YEUNG WAI SHAN AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS37000/2012
Applicant satisfied statutory threshold under s3(5) Notice owning 87.8788% (>80%); expert valuation of EUVs accepted as fair and reasonable; independent survey and structural reports establish building is aged and in poor condition making redevelopment justified; applicant took reasonable steps to acquire remaining undivided shares with offers within a fair and reasonable range; accordingly order for compulsory sale by auction granted with reserve price HK$63,800,000 and appointment of nominated sale trustees, and no order as to costs.