Poon, Kam Chuen (d1998)
Compulsory sale of Villa Splendor, 9-12 Chun Fai Terrace
HK Lands Tribunal, 26-Feb-2007
Reveals that a company called Luck Dragon Development Ltd has a set of approved building plans with plot ratio 9, higher than the Outline Zoning Plan limit of 5 subsequently imposed. The auction reserve price was based on 5, and sure enough, there was only 1 bid and the developer subsequently built at 9x plot ratio.
HK Lands Tribunal, 26-Feb-2007
Reveals that a company called Luck Dragon Development Ltd has a set of approved building plans with plot ratio 9, higher than the Outline Zoning Plan limit of 5 subsequently imposed. The auction reserve price was based on 5, and sure enough, there was only 1 bid and the developer subsequently built at 9x plot ratio.
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