11 Dec 1995
LEE HON KAI AND ANOTHER v. WELLSBURG INDUSTRIAL LTD
- Citation
- LEE HON KAI AND ANOTHER v. WELLSBURG INDUSTRIAL LTD
- Court
- Court of First Instance
- Case number
- HCA1485/1994
Valuation date fixed at mid‑February because plaintiffs reasonably waited ten days after being informed non‑completion and then required a reasonable time to find a replacement; the plaintiff expert's multi‑comparable methodology was preferred but discounted by 5% for disputed weightings and a further $75,000 was deducted for proven defects, producing a mid‑February market value of $2,357,000; damages equal that value less the contract price ($1,910,000) = $447,000; interest awarded at 2% from date of writ and costs to plaintiffs with certificate for counsel.