1 Feb 1999
CHEUNG PUI PENG v. LEE WAI LUN
- Citation
- CHEUNG PUI PENG v. LEE WAI LUN
- Court
- Court of First Instance
- Case number
- HCA7321/1998
Court accepted that market value should be determined by evidence and, despite reservations about resale and valuation reports, adopted the subsequent resale price of HK$2.25m as market value, awarded direct loss of HK$1.05m less deposits HK$330,000 (net HK$720,000) and awarded consequential losses (resale costs HK$8,050; mortgage interest HK$62,172.71; loss of interest HK$8,164.20), totalling HK$798,386.91, with interest and costs and payment of funds paid into court to plaintiff.