Evergrande crisis: Hong Kong agencies to withdraw proceedings against Vertex project after new owner promises to clear dues
- VMS Group, which now reportedly owns the residential project in Cheung Sha Wan, has told agencies that it will pay the commission owed to them
- Agencies are pushing ahead with proceedings to recover fees for Emerald Bay, which is still owned by China Evergrande
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.
“VMS … verbally promised to pay us back the commission. The filing of claims for the agency’s commission from The Vertex from the developer has been terminated,” Dave Ma, Hong Kong Property Services (Agency)’s chief operations officer and director for Kowloon, said on Monday.
The agencies were pushing ahead with proceedings to recover fees for Emerald Bay in Tuen Mun, which is still owned by China Evergrande.
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“For Emerald Bay, so far there is nothing new yet. We continue [the pursuit]. Of course, we want to get back our commission. If somebody comes to us to talk [about it], we very much want to solve the matter as soon as possible,” Ma said.
