Thomson Grand's MCST takes developer, two contractors to court over alleged defects
Singapore
THE Management Corporation Strata Title (MCST) of Thomson Grand has filed a lawsuit against a unit linked to Hong Kong developer CK Asset Holdings, a joint venture of construction firm Lian Beng, as well as Jinyue Aluminium Engineering over alleged defects at the condominium.
According to the Statement of Claim, which was filed in Singapore's High Court in October last year, the MCST is alleging that "numerous defects have become manifestly apparent" at the 99-year leasehold development, which received its temporary occupation permit in October 2015.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%