Read the full judgment text of HCA 000595/1998 on BabelCite. This High Court CFI judgment was delivered on 21 May 2004.
1. These proceedings are yet another set of proceedings arising from the sudden and unexpected crash in the property market in Hong Kong in October 1997. Once again, a purchaser who signed the contract to buy property at the time when the market was buoyant and rising, when faced at or approaching the time of completion, with a rapidly falling market, seeks to avoid a contract.