|Li Ka-shing suffered a blow this time, but he will be back for sure|
As a result Cheung Kong will begin refunding deposits plus any partial payments including 2 percent interest to buyers.
That's because some sub-sale agreements include the phrase "the parties must complete the sales and purchase". And so because the deal did not go through, some sellers would have to return 10 percent deposit plus an extra 10 percent of the property price to the second buyers as compensation. And then there are legal bills on top of it.