Li said the offer was far too low, and she did not respond to Fang. On August 19, Fang presented Li with a signed sale agreement from Ma for $1.03m. According to the judgment, Fang said that Ma was prepared to increase her offer to up to $1.09m but no more. Fang told Li he knew that was not enough, and he had already found another buyer, Li said. Li countersigned the agreement for $1.14m, having been assured by Fang that amount would not be accepted. “Ms Li says that Mr Fang told her that the reason he wanted her to make a counter-offer was so that he could show it to future buyers and use it as a means of encouraging them to make offers themselves,” Associate Judge Peter Andrew said in the judgment.