The offer to acquire the notorious Mascot Towers apartment buildings for $30 million looks set to go ahead, after a minimum 75 per cent of unitholders in the strata scheme signed contracts to sell their apartments to builder Andrew Daoud’s Dowco Property Group.

In return, owners will be paid a fraction of what their apartments would have been worth – as little as $160,000 in some cases – had the building not been evacuated due to major construction faults in 2019.