27 Nov 2020
ASIA HARBOUR INVESTMENT LTD v. SINO MASTER GROUP LTD AND OTHERS
- Citation
- [2020] HKLdT 55
- Court
- Lands Tribunal
- Case number
- LDCS4000/2017
The Tribunal found the applicant met the lowered threshold of 80% under the 2010 Notice and was therefore entitled to apply; accepted expert evidence that redevelopment was justified by the age and state of repair; accepted Mr C.W. Wong's EUV assessments for the purposes of compensation and was satisfied the applicant had taken reasonable steps to acquire minority shares by making multiple offers that were above EUV and within the broad band of fair and reasonable compensation; determined the composite RDV/land value of the Lots at HK$2,045,000,000 and fixed that as the reserve price for auct…