{"id":123088,"date":"2021-11-08T19:00:24","date_gmt":"2021-11-08T12:00:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-hong-kong-agencies-to-withdraw-proceedings-against-vertex-project-after-new-owner-promises-to-clear-dues\/"},"modified":"2021-11-08T19:22:46","modified_gmt":"2021-11-08T12:22:46","slug":"evergrande-crisis-hong-kong-agencies-to-withdraw-proceedings-against-vertex-project-after-new-owner-promises-to-clear-dues","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-hong-kong-agencies-to-withdraw-proceedings-against-vertex-project-after-new-owner-promises-to-clear-dues\/","title":{"rendered":"Evergrande crisis: Hong Kong agencies to withdraw proceedings against Vertex project after new owner promises to clear dues"},"content":{"rendered":"


\nSome of Hong Kong\u2019s 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\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande crisis: Hong Kong agencies to withdraw proceedings against Vertex project after new owner promises to clear dues<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some of Hong Kong\u2019s biggest property agencies were on Monday either considering or working to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123088","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w1i","jetpack-related-posts":[{"id":122381,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-infects-hong-kong-market-as-midland-centaline-property-agencies-seek-to-recover-sales-commissions\/","url_meta":{"origin":123088,"position":0},"title":"Evergrande: crisis infects Hong Kong market as Midland, Centaline property agencies seek to recover sales commissions","date":"October 5, 2021","format":false,"excerpt":"\r China Evergrande\u2019s debt crisis is starting to infect Hong Kong\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-centaline-property-agency-plans-further-legal-action-against-embattled-developers-hong-kong-subsidiary-to-recoup-unpaid-commission\/","url_meta":{"origin":123088,"position":1},"title":"Evergrande Crisis: Centaline Property Agency plans further legal action against embattled developer\u2019s Hong Kong subsidiary to recoup \u2018unpaid commission\u2019","date":"December 29, 2021","format":false,"excerpt":"\r Hong Kong\u2019s biggest property sales agency plans to take further legal action against a subsidiary of China Evergrande Group to recoup \u201cunpaid commission\u201d from the troubled developer.Centaline Property Agency said it will apply through the courts to chase HK$113 million (US$14.5 million) it claims it is owed by Evergrande\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172660,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-vertex-developer-hit-with-hk770000-fine-over-disclosure-failures\/","url_meta":{"origin":123088,"position":2},"title":"The Vertex developer hit with HK$770,000 fine over disclosure failures","date":"September 29, 2026","format":false,"excerpt":"\r The developer of The Vertex \u2013 a residential project in Cheung Sha Wan once owned by failed property giant China Evergrande Group \u2013 has been fined HK$770,000 (US$98,100) for failing to properly record transactions related to the complex. Twin City Holdings Limited was found to have violated a residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-creditors-seek-to-drum-up-demand-for-hong-kong-trophy-headquarters-with-prospect-of-rebuilding-it-bigger\/","url_meta":{"origin":123088,"position":3},"title":"Evergrande crisis: creditors seek to drum up demand for Hong Kong trophy headquarters with prospect of rebuilding it bigger","date":"October 12, 2022","format":false,"excerpt":"\r The Hong Kong trophy building of troubled China Evergrande Group, recently put up for sale by receivers, is hoping to woo buyers with the prospect of building a higher tower on the spot overlooking the iconic Victoria Harbour.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: creditors\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129971,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-receivers-put-hong-kong-trophy-headquarters-building-on-market-as-lenders-run-out-of-patience\/","url_meta":{"origin":123088,"position":4},"title":"Evergrande crisis: receivers put Hong Kong trophy headquarters building on market as lenders run out of patience","date":"September 26, 2022","format":false,"excerpt":"\r Evergrande can only watch as receivers of its Hong Kong headquarters building in Wan Chai engage Savills to put the asset on the market to recover debt.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: receivers put Hong Kong trophy headquarters building on market as lenders run\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-asks-hong-kong-property-agents-to-sell-more-flats-at-emerald-bay-if-they-want-the-commission-it-already-owes-them\/","url_meta":{"origin":123088,"position":5},"title":"China Evergrande asks Hong Kong property agents to sell more flats at Emerald Bay if they want the commission it already owes them","date":"November 18, 2021","format":false,"excerpt":"\r Debt-stricken China Evergrande Group is asking sales agents to sell even more flats at one of its Hong Kong projects so it can afford to pay them the commission it owes them for units they previously sold.The Shenzhen-based developer is offering to pay the outstanding commission fees owed on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123088"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123088"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}