Buyers of apartments in Brisbane's tallest building – AMP Capital's Skytower are trying to sell out of their properties for as much as 10 per cent discounts – with some buyers being Asian speculators who may be struggling with finance.
The move to sell the apartments at such discounts comes as The Australian Financial Review revealed on Thursday that valuers were being threatened with legal action by the developer after valuing apartments in the Skytower at up to 25 per cent less than what they were originally valued.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
