Hong Kong Ordinances

LAND (COMPULSORY SALE FOR REDEVELOPMENT) ORDINANCE - SECT 6

Amount to be paid to trustees where majority owner or minority owner is successful purchaser

(1) The majority owner of a lot the subject of an order for sale who is the
purchaser of the lot-

   (a)  subject to paragraph (b), is not required to pay to the trustees under
        the order the full purchase price; but

   (b)  is required to pay to the trustees not less than that proportion of
        that amount that the trustees calculate is necessary-

        (i)    for the majority owner to purchase all the undivided shares in
               the lot not already owned by the majority owner; and

        (ii)   to enable the trustees to comply with section 11(2) to the
               extent that any liability due to the Government in respect of
               the lot, or compensation payable to any tenant, referred to in
               that section is attributable to the majority owner.

(2) Subsection (1) shall apply to any minority owner of a lot the subject of
an order for sale who is the purchaser of the lot as it applies to the
majority owner of a lot the subject of an order for sale who is the purchaser
of the lot.