Read the full judgment text of DCCJ 3807/2010 on BabelCite. This District Court judgment before Master I. Wong.
Civil law – breach of contract – sale and purchase of property – assessment of damages – date of assessment – loss of bargain – conveyancing expenses – estate agent commission – variation of judgment – District Court – The court departed from the normal rule of assessing damages at the completion date due to rising market and financial hardship, assessing at the interlocutory judgment date instead. Conveyancing expenses and estate agent commission were held irrecoverable as they would have been incurred regardless of the breach. The interlocutory judgment was varied to reflect these findings.
Legal issues: Date for assessment of damages · Recoverability of conveyancing expenses · Recoverability of estate agent commission · Variation of interlocutory judgment
Outcome: Damages assessed at $500,000. Costs of assessment $60,000. Interlocutory judgment varied.
Cites 2 cases