Owners of the Bayview Apartments in Ryde say they’ve been forced to pay millions of dollars to fix defects in the four-building complex. The developer went into liquidation two years after completion.
A group of apartment owners in Sydney's north has had to find millions of dollars to rectify defects in their complex which emerged since it was completed 10 years ago.The owners estimate it has cost them several million dollars to rectify the defects over the past decadeA spokesperson for the parent company behind the project says it has a "reputation built on quality"
It is the latest apartment complex in Greater Sydney revealed to have left owners out of pocket due to defects within the first few years of settlement. Burst pipes in the buildings set unit-owners back more than $132,000 over four years before they were replaced.Owners also spent more than $70,000 on repairs in the basement of Building D to fix drainage problems, more than $90,000 to repair render on the same building and $20,000 to rectify communication seals across several buildings because of a fire-spread risk.
Investigations by the owners corporations to pursue the developer for any alleged responsibility, found it was highly unlikely legal action could proceed because the company had been wound-up and the warranty period for the buildings had expired. A spokesperson for Holdmark said it was willing to work with the owners corporations but claimed it had received little feedback."Holdmark has a reputation built on quality and a strong history of working constructively with owners and tenants to resolve any issues," they said."After completion we worked constructively with the owners corporation to undertake rectification works.
"We attempted to arrange times to conduct joint inspections of the building and start this process but received no response."
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