Why it's important to research your property before buying or building
It was supposed to be their slice of the “sweet life” but the owners of new Sydney apartments have only tasted bitterness after being locked out of their homes for a year.
The construction of the Sugarcube apartments and Honeycomb terraces in Erskineville were reportedly finished about 12 months ago but the new homes remain empty due to concerns about whether the developer Golden Rain Development properly cleaned up toxic land on the site.
It’s the fourth apartment block in Sydney to sit empty thanks to problems with construction and building.
Buyers paid up to a $1 million for a two-bedroom apartment in the development of 109 units and 18 three-bedroom terraces, but have been prevented from moving in.
A City of Sydney spokeswoman said the developer was required to remediate the site where there was contaminated groundwater and detection of heavy metals, hydrocarbons and asbestos.
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