Read the full judgment text of on BabelCite. was delivered on 5 November 1999.
1. Villa Rose is a residential development in the secluded Tai Tam area in Hong Kong. It consists of 16 detached houses each with a private garden. It is a new development, the Occupation Permit was issued in October 1996 and the Certificate of Compliance was issued in December 1996. The Defendant purchaser, in September 1997, entered into an agreement ("the Agreement") with the Plaintiff vendor to buy House No.16 for $82 million. The parties agreed on a long completion date - the completion was