Read the full judgment text of HCA 011746/1997 on BabelCite. This High Court CFI judgment was delivered on 6 December 2000.
1. These proceedings arise out of an agreement for the sale and purchase of some 31 lots of land in Tsing Tam Village, Yuen Long, New Territories, entered into between the plaintiff as purchaser and the defendants as vendors on 16 October 1997, following a provisional agreement signed on 23 August 1997. The sale price of the land was agreed at $22,000,000.00 and, $2,200,000.00 having been paid by way of deposits, the balance of $19,800,000.00 was payable upon completion which was fixed to take p