Some of Hong Kong’s biggest property agencies were on Monday either considering or working to halt legal proceedings initiated to recover commission fees for The Vertex development after its new owner pledged that it would pay these down.The residential project in Cheung Sha Wan has been developed by the embattled China Evergrande Group, which last month reportedly sold its share to partner VMS Group. VMS declined to comment, but told the agencies that it would pay the commission owed to them…
Source : South China Morning Post
Read more…Evergrande crisis: Hong Kong agencies to withdraw proceedings against Vertex project after new owner promises to clear dues
