22 Sept 2009
WU HAI YAN v. LI CHI LUNG
- Citation
- WU HAI YAN v. LI CHI LUNG
- Court
- District Court
- Case number
- DCCJ1021/2008
The court accepted the plaintiff's expert valuation and the mortgagee sale price as establishing the market value of the property at the contractual completion date (assessed at HK$770,000) and applied the standard measure of damages (market value less contract price) to award HK$132,000 plus wasted legal costs of HK$4,870; interest at the judgment rate was ordered until payment.