China Evergrande’s debt crisis is starting to infect Hong Kong’s property market as a local real estate agency group sued to recover overdue commissions from two housing projects in the city. Another group is also considering a similar action.Midland Realty International and Hong Kong Property Services (Agency) are claiming HK$43.45 million (US$5.6 million) from the Chinese developer for fees related to the sale of 398 flats at the Emerald Bay in Tuen Mun and The Vertex in Cheung Sha Wan,…
Source : South China Morning Post
Read more…Evergrande: crisis infects Hong Kong market as Midland, Centaline property agencies seek to recover sales commissions
