Read the full judgment text of DCCJ 1063/2014 on BabelCite. This District Court judgment was delivered on 4 September 2015.
1. These proceedings concern an aborted sale and purchase of a property described as Section F of Lot No 1554 in DD 221 Sai Kung (“ Property ”). By a provisional sale and purchase agreement dated 22 October 2013 (“ Agreement ”) , t he plaintiff, a limited company, agreed to purchase the Property from the defendant, also a limited company for a consideration of $1.8 million. The plaintiff had also paid $180,000 to the defendant as deposit for the purchase of the Property.