Review of Pilot Property Mediation Scheme in Hong Kong
The results of a pilot mediation scheme for property owners affected by compulsory sale of land in Hong Kong was released yesterday. According to the Scheme, both minority owners and majority owners involved in compulsory sale applications to the Lands Tribunal can seek mediation service under the Scheme at a fee. Elderly minority owners who pass a means test will also be eligible for financial subsidy for their share of the mediator fee under the Scheme. The details of the findings can be found here
Among the findings of the study were that the Scheme has served its historical mission and is now no longer cost-effective as direct negotiations are often preferred in some cases.