21 Mar 2013
EVERSOUND INVESTMENTS LTD v. WU LAI HO FATIMA AND OTHERS
- Citation
- EVERSOUND INVESTMENTS LTD v. WU LAI HO FATIMA AND OTHERS
- Court
- Lands Tribunal
- Case number
- LDCS36000/2012
An order for compulsory sale under Cap.545 is justified where the applicant meets the statutory ownership threshold (as adjusted by notice), the Tribunal is satisfied redevelopment is justified by age or state of repair, and the applicant has taken reasonable steps to acquire remaining shares; where those conditions are met the Tribunal will fix a reserve price based on a fair RDV and apportion proceeds on the EUV determined by the Tribunal.
- Compulsory sale for redevelopment
- Ownership threshold under s.3 cap.545
- Justification by age or state of repair under s.4(2)
- Reasonable steps to acquire minority share
- Valuation and apportionment (euv and rdv)
- Reserve price fixation