Read the full judgment text of on BabelCite. was delivered on 21 October 1999.
1. By a written agreement made between the Plaintiff and the Defendant dated 15th October 1997 ("the agreement"), the Plaintiff agreed to sell and the Defendant agreed to purchase Flat F on the 1st Floor, together with the Garden appurtenant thereto, of Tower 20, Parc Oasis, Kowloon, Hong Kong ("the property") at the price of HK$8,970,000. An initial deposit in the sum of $500,000 was paid prior to, and a further deposit in the sum of $397,000, was paid upon the signing of, the agreement by the