A troubled developer, whose stalled Surfers Paradise tower has left scores of buyers in limbo, has terminated contracts on another Gold Coast project. Read the details
Kathleen Skenefollow 2 min read September 13, 2024 - 6:00AM
Gold Coast Bulletin
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A developer whose stalled Surfers Paradise tower has left scores of buyers in limbo - and fearing contract cancellations - has terminated contracts on another Gold Coast project.
Sydney builder-developer Draycon killed contracts for its Salt Palm Beach project in March, with its selling agent saying it could not be built due to construction cost blowouts.
Development of 22 two-bedroom units was approved for a 754 sqm site in August 2019.
Draycon managing director Howard Dabit did not respond to questions from the Gold Coast Bulletin.
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