NewsBite

Mascot Towers owners face $76,000 bill per unit

Su-Lin Tan

Owners of apartments in the evacuated Mascot Towers building in Sydney are planning to sleep on the street to protest a damages bill of at least $76,000 per unit to fix defects, as questions continue on who will ultimately have to pay.

The owners face a $10 million bill – half the initial building cost of $22 million – to fix cracks in the building's primary support structure, according to the notice for an owners meeting to be held on August 22.

Loading...
Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au

Read More

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/mascot-towers-owners-face-76-000-bill-per-unit-20190803-p52dm5