14 Mar 2023
SUPREME HOST INVESTMENTS LTD AND ANOTHER v.THE PERSONAL REPRESENTATIVE OF THE ESTATE OF CHENG LAI CHIT, DECEASED AND OTHERS
- Citation
- [2023] HKLdT 22
- Court
- Lands Tribunal
- Case number
- LDCS19000/2020
Applicants held sufficient undivided shares (over the 80% threshold for >50-year-old building) and proved redevelopment was justified on grounds of age and poor state of repair; applicants took reasonable steps to acquire remaining shares by offers within a fair and reasonable band; tribunal therefore has jurisdiction and discretion to order compulsory sale and to fix reserve price equal to the assessed RDV.