Burwill Holdings says Tung Fong Hung Properties (Holdings) - the proposed buyer of its property subsidiary Camety Co - failed to complete the deal by the deadline on February 27. Burwill reached an agreement with a subsidiary of Tung Fong Hung Properties in September to sell Camety, which owns a Mongkok retail arcade, for $206 million. Burwill said the deposit of $20.6 million would be forfeited, while the part payment of $41.2 million would be retained as security for the payment of compensation for any loss or damage suffered by the vendor as a result of the deal's failure. Tung Fong Hung said it did not complete the deal because the arcade had illegal construction. Both companies are considering legal action.