28 May 2020
FAVOUR DAY LTD v. NG CHIU AND OTHERS
- Citation
- [2020] HKLdT 17
- Court
- Lands Tribunal
- Case number
- LDCS8000/2019
The tribunal accepted the applicant satisfied the statutory ownership threshold (80% under the s3(5) Notice), accepted the expert structural and condition reports that the building is at the end of its design life and in poor repair such that redevelopment is justified, found the applicant took reasonable steps to acquire the minority shares (offers based on a credible expert valuation and within the Capital Well band), accepted the valuation approach in applicant's Scenario 2 excluding positive value for specified unauthorized structures and enclosed lobbies, adopted the total EUV of $274,35…