Read the full judgment text of HCA 005309/1998 on BabelCite. This High Court CFI judgment was delivered on 14 December 2000.
1. The plaintiff as purchaser and the defendant as vendor entered into an agreement for the sale and purchase of the ground floor and cockloft of No 53 Granville Road, Kowloon, ("the Property") at a price of $63,700,000. The date of the provisional agreement was 20 August 1997. This was followed by a formal agreement dated 29 October 1997. The plaintiff paid deposits of Hong Kong $1,500,000 and $8,055,000. The completion date was to be 3 April 1998 but completion did not take place. The plaintif