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Post by Brent George on Jan 23, 2022 19:03:24 GMT
Young couple lose first home after developer increases price by $150kStuff - Business: 23-Jan-2022When Fraser Galbraith and Marina Person paid a deposit on their first home at the Rosier Park development in Glen Eden, Auckland in January last year they were relieved to have secured a home in an overheated market. Then in late-November, the couple received an email from developer F&P Dream Homes’ lawyers saying to keep the new-build property they would have to pay an additional $150,000.
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Post by Brent George on Jun 7, 2022 23:00:53 GMT
We are going to be reading about more and more of these.... Tenants in woman's new build after Christchurch developer seeks extra $45k on contract priceStuff - National: 8-June-2022A Christchurch developer has been accused of using a sunset clause to pressure a buyer for $45,000 more than the agreed contractual price. Cafe worker Andrea Titterton bought a land and house package (lot 19) in Kaiapoi “off the plans” in October 2020 for about $510,000. The build started in April 2021 and was expected to take between four-and-a-half and six months. By October last year, Titterton should have been in her new home, but instead she can now walk past and see other people enjoying the house she had looked forward to after the developer rented it out.
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Post by Brent George on Jun 26, 2023 1:46:46 GMT
'Appalling': Builder lashes out at delays at controversial property developmentStuff - National: 26-June-2023The boss of a major building firm has lashed out at a delay at a controversial property development, saying the time it’s taken to complete a new subdivision is “appalling” and “absolutely ridiculous”. Signature Homes chief executive Paul Bull has vowed to never again deal with Gulati Investments (2013) Ltd, a company controlled by disgraced liquor baron Harjit Singh, after a series of delays and a lack of communication over the Christchurch subdivision. The story was first reported by The Press. Bull is not the only one who’s angry and frustrated.
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