Introduction
Promise Fine Investments Ltd & Others v. Poon Chuan
& Others (LDCS 32000/2018)
1, the applicants
applied to obtain an order for the compulsory sale of Nos. 244-256
Hai Tan Street in Sham Shui Po. In late 2020, the applicants
successfully bid for the site at the price of HK$576 million at a
public auction.
The significance of this case is that it is the
first
time that the Lands Tribunal accepted the inclusion of undivided
shares acquired through adverse possession in counting the
requisite threshold of undivided shares for making compulsory sale
under the Land (Compulsory Sale for Redevelopment) Ordinance (Cap.
545) (the Ordinance ).