New World Development

Car park row

PUBLISHED : Sunday, 01 May, 1994, 12:00am
UPDATED : Sunday, 01 May, 1994, 12:00am

THE owner of two car park spaces in Tsuen Wan is being sued for gazumping. It is alleged he increased the price from $435,000 to $660,000 after signing a provisional sales agreement and accepting a deposit. The Supreme Court writ said Cheng Chi-yam, the registered owner of the property at Riviera Gardens, entered the agreement with Tsang Ying-wai last December 30.