The insurance premium for Sydney’s Opal Tower – which was evacuated on Christmas Eve 2018 amid severe structural cracking – has been increased by $1.1 million after 12 experts found more than 500 additional defects.
The find has prompted the owners’ corporation to sue the New South Wales government. Owners’ corporation chairman Shady Eskander said apartment owners realised that they did not have a contract with the tower’s builder nor did they pay the builder, and they had bought the property from the state government:
The owners’ corporation launched the proceedings in the NSW Supreme Court against the Sydney Olympic Park Authority (SOPA) — a NSW Government entity — and the builder Icon…
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