11 Jul 2022
SMART HOST LTD v. ACEWELL INVESTMENTS LTD
- Citation
- [2022] HKLdT 27
- Court
- Lands Tribunal
- Case number
- LDCS29000/2020
Tribunal held applicant was entitled to make the application (ownership threshold met under Gazette notice and s3(2)(b)), redevelopment was justified by expert building and structural evidence of age and poor repair, applicant had taken reasonable steps and made fair offers, and on valuation evidence the merged-site RDV was assessed at HK$588,700,000; therefore sale of all undivided shares by single public auction together with adjoining lots (merged site) was ordered with that reserve price, trustees appointed and proceeds to be apportioned by registered site area and adopted EUVs for compen…