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Developer pledges to fix defects under new NSW rules

Michael Bleby
Michael BlebyDeputy property editor

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Developer Australia YMCI is counting on a vote by owners of defective apartments it has rectified in western Sydney to draw a line under legal action and allow it to get on with marketing the next stage of its $5 billion Ovation Quarter development.

AYMCI, a subsidiary of Chinese state-owned enterprise Yunnan Health & Cultural Tourism Holding Group, said it had spent more than $500,000 to fix defects, including faulty waterproofing membranes and insufficient fire protection in the Ruby and Emerald buildings of its western Sydney development.

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    Original URL: https://www.afr.com/property/commercial/developer-pledges-to-fix-defects-under-new-nsw-rules-20221003-p5bmqs