4 Sept 2024
DREAM BIG DEVELOPMENTS LTD v. LIN MEI HUA
- Citation
- [2024] HKLdT 75
- Court
- Lands Tribunal
- Case number
- LDCS21000/2022
The Tribunal granted the compulsory sale because the applicant met the statutory ownership threshold (>90%), established redevelopment was justified by the age and poor state of repair of the buildings, proved it had taken reasonable steps to acquire remaining shares (including making a fair written offer and effecting substituted service on the missing owner), accepted the expert valuation evidence and set the merged-site RDV at HKD183,000,000 as the reserve price, approved sale by single public auction with trustees appointed and directed apportionment of proceeds and expenses by the ratio…