IV. Compulsory Sale
As at 2022, Hong Kong had about 9,600 buildings aged 50 years or older. These buildings have reached their designed working life and usually lack proper repair and maintenance.
In order to encourage the redevelopment of dilapidated buildings, the Land (Compulsory Sale for Redevelopment) Ordinance (Cap. 545 of the Laws of Hong Kong) was brought into force on 7th June 1999.
The Ordinance enables people who hold a specified majority of the undivided shares in a lot to make an application to the Lands Tribunal for an order to sell it for redevelopment.
The Ordinance provides a solution to the problem of property acquisition for redevelopment due to defective titles, untraceable owners, owners who died intestate or owners demanding unreasonably high prices.
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