Developer promises $11m for potential defects in Castle Hill towers
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The developer of one of Sydney’s largest apartment developments at Castle Hill, which had signs of cracking in a basement, will provide $11 million in security to fix any future defects and has agreed to guarantee its structural integrity for the next two decades.
Toplace’s commitments for the $900 million Skyview towers has led to NSW Building Commissioner David Chandler lifting an order which had prevented the developer from settling with buyers of off-the-plan apartments in two of the five buildings in the complex.