Buyers stuck in contracts for ambitious skyscraper that isn’t being built
Apartment buyers of Australia's tallest skyscraper project, STH BNK, face uncertainty as developer BEULAH explores options to revive plans after feasibility issues emerged. Approximately 540 contracts worth $650 million remain locked in a trust account, with buyers demanding their deposits back. BEULAH cited market challenges and aims to work with stakeholders to achieve a positive outcome.
Summary by OZbrief Editorial · ABC News – Australia · Source
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Published 21 Jun 2026, 02:22 UTC · Updated 21 Jun 2026, 02:30 UTC
Summary by OZbrief Editorial. Original report: ABC News – Australia. Editorial policy · Corrections
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