The local branch of Bank of China (BOC) has asked the pre-sale buyers of Pearl Horizon flats to pay their mortgages after some of them have refused to pay the monthly instalments, the president of the Pearl Horizon Condominium Owners United Association, Kou Meng Pok, said yesterday.
Speaking to reporters outside the state-owned bank’s Villa de Mer sub-branch after a meeting with BOC representatives, Kou said the buyers would not pay the monthly instalments until there was a breakthrough in the long-running dispute. He said the buyers had no intention of double-crossing the bank.
Kou said it was the first time his association had held a meeting with any bank after the association’s announcement last month that about 300 to 400 pre-sale buyers of Pearl Horizon flats would stop paying their mortgages to local banks.
Pearl Horizon Condominium Owners United Association President Kou Meng Pok speaks to reporters outside Bank of China’s (BOC) Villa de Mer sub-branch. Photo: Debby Seng
