15 Dec 2023
TO YUNG SING HERMAN v. SZETO CHAK MEI AND OTHERS
- Citation
- [2023] HKCFI 3112
- Court
- Court of First Instance
- Case number
- HCMP2741/2016
The court fixed the valuation date as the contractual Completion Date (31 May 2016). The plaintiff failed to establish a reason to depart from the breach date rule because there was effectively no available market and plaintiff had ceased or did not reasonably pursue mitigation; market value may be assessed by existing use or redevelopment basis (adopt the higher as highest and best use) but specific redevelopment profits and certain consequential heads claimed were disallowed. Interest on the deposit awarded from completion (31 May 2016) to return (24 August 2018) at 1% above prime. Final ma…