{"id":172660,"date":"2026-09-29T21:12:33","date_gmt":"2026-09-29T14:12:33","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-vertex-developer-hit-with-hk770000-fine-over-disclosure-failures\/"},"modified":"2026-09-29T21:54:12","modified_gmt":"2026-09-29T14:54:12","slug":"the-vertex-developer-hit-with-hk770000-fine-over-disclosure-failures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-vertex-developer-hit-with-hk770000-fine-over-disclosure-failures\/","title":{"rendered":"The Vertex developer hit with HK$770,000 fine over disclosure failures"},"content":{"rendered":"


\nThe 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.
\nTwin City Holdings Limited was found to have violated a residential properties ordinance by failing to disclose details of payment terms \u2013 such as price discounts and other financial incentives \u2013 on sales at the development, according to a government statement…
\n
\nSource : South China Morning Post
\nRead more…The Vertex developer hit with HK0,000 fine over disclosure failures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The developer of The Vertex \u2013 a residential project in Cheung Sha Wan once owned...<\/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-172660","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-IUQ","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":172660,"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":123088,"url":"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\/","url_meta":{"origin":172660,"position":1},"title":"Evergrande crisis: Hong Kong agencies to withdraw proceedings against Vertex project after new owner promises to clear dues","date":"November 8, 2021","format":false,"excerpt":"\r Some 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-aoyuan-hoping-for-us57-3m-profit-on-conversion-of-commercial-kwai-chung-site-into-flats\/","url_meta":{"origin":172660,"position":2},"title":"Mainland developer Aoyuan hoping for US$57.3m profit on conversion of commercial Kwai Chung site into flats","date":"September 4, 2018","format":false,"excerpt":"\r Aoyuan, the acquisitive mainland China developer, is hoping to generate a HK$450 million (US$57.33 million) profit from the sale of residential units being created in a former a 12-storey commercial building in Kwai Chung, in Hong Kong\u2019s New Territories. The company has pencilled in a total target sales price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-china-vanke-sets-low-prices-for-first-hong-kong-housing-estate-in-tuen-mun\/","url_meta":{"origin":172660,"position":3},"title":"Mainland developer China Vanke sets low prices for first Hong Kong housing estate in Tuen Mun","date":"September 22, 2018","format":false,"excerpt":"\r China Vanke, the mainland\u2019s second-largest developer by sales, has priced apartments at its first wholly-owned residential development in Hong Kong\u2019s Tuen Mun starting at HK$9,878 (US$1,265) per square foot \u2013 cheaper than 30-year-old subsidised housing in the area. The average price for the first batch of 231 units at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-secures-extension-for-hk2-4-billion-loan-related-to-kai-tak-project\/","url_meta":{"origin":172660,"position":4},"title":"Hong Kong developer secures extension for HK$2.4 billion loan related to Kai Tak project","date":"January 15, 2018","format":false,"excerpt":"\r Chinese conglomerate HNA Group has secured a six-month extension for a HK$2.4 billion (US$306.75 million) bridging loan related to its residential project at the site of Hong Kong\u2019s old airport. Hong Kong International Investment Group, formerly known as HNA Holding International Investment Group, announced the extension before the loan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-investments-us551-million-bid-for-kai-tak-residential-plot-exceeds-market-expectation\/","url_meta":{"origin":172660,"position":5},"title":"China Overseas Land & Investment\u2019s US$551 million bid for Kai Tak residential plot exceeds market expectation","date":"December 2, 2020","format":false,"excerpt":"\r A leading mainland-based developer paid a higher-than-expected price for a residential parcel at Hong Kong\u2019s former airport, the first such sale by the government at Kai Tak this year.China Overseas Land & Investment, the mainland\u2019s seventh largest developer by sales, bid HK$4.27 billion (US$550.8 million) for the Area 4E\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\/172660"}],"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=172660"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172660\/revisions"}],"predecessor-version":[{"id":172661,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172660\/revisions\/172661"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}