The China Post
Date: September 28, 2017

When a man surnamed Wong asked for secrecy after he purchased seven homes and

14 parking spaces in two days in Kaohsiung, the realty developer assumed he to be a superrich client who wanted to stay low-key.

Yet the buyer of over NT$50 million worth of properties turned out to be demanding non-disclosure for another reason.

After making the purchases on Jan. 17 and Jan. 18, 2015, Wong contacted the developer and required to cancel the deals and returned the NT$6.1 million he paid as deposits. Wong said he suffered from bipolar disorder that would sometimes lead to compulsive buying and the home shopping spree took place during an episode. Wong, who apparently asked for secrecy in order to keep his purchases from his wife, went to the court after the developer refused to return the deposit.

The court found the deals valid after its investigation showed that Wong had no medical records of bipolar disorder and made no attempts to receive treatment prior to the purchases. The court, however, found the NT$6.1-million penalties excessive and ruled that the developer should return NT$2.6 million to Wong. The case can be appealed.    [FULL  STORY]