ABSTRACT
In an effect to tackle and control problems with building deterioration, the Land (Compulsory Sale for Redevelopment) Ordinance (“the Ordinance”) was enacted on 7th April 1998 and came into operation in 1999. It facilitates, inter alia, redevelopment to be carried out in the private sector. Unfortunately, Hong Kong faced deep recession in 1998. As a result, the property market collapsed and any interest in collective sale of existing buildings for redevelopment (“collective sale”) was diluted.
