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1st Unit Repossessed at 8 Deep Water Bay Drive, Involving Expected Loss $12.56M
A buyer of 8 Deep Water Bay Drive, who had bought a flat last Tuesday at over $251.2 million, did not proceed further with the transaction after signing a provisional sales and purchase agreement, according to disclosures at Sales of First-hand Residential Properties Electronic Platform.
The 5% deposit was expected to be forfeited by the developer, involving over $12.56 million, which made it the first case of repossession under the project since its launch in October 2018.
AAStocks Financial News
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