Hong Kong Ordinances

LAND (COMPULSORY SALE FOR REDEVELOPMENT) ORDINANCE - SCHEDULE 2

CONDITIONS IN ACCORDANCE WITH WHICH LOT SHALL BE SOLD BY AUCTION

(a) published-
(i) in not less than 1 Chinese language newspaper (and in the Chinese language), and in not less than 1 English language newspaper (and in the English language), circulating generally in Hong Kong; and
(ii) not less than once in each of the 3 weeks immediately preceding the date on which the auction is to be held; and
(b) stating-
(i) that the lot the subject of the auction is being sold pursuant to an order for sale under this Ordinance;
(ii) that the purchaser of the lot and the purchaser's successors in title will be subject to the conditions specified in Schedule 3 and the conditions, if any, specified in the order for sale;
(iii) where, and during what times, a copy of the order for sale and the directions may be obtained or inspected; and
(iv) the date, time and place of the auction.

(a) which takes into account the redevelopment potential of the lot on its own (or, where 2 or more lots are the subject of the auction, on their own); and
(b) approved by the Tribunal.