Posted on Tumblr on Oct 3.
In the months since I mentioned it among other CSST-financed developments, the Birubi Beach Resort in Anna Bay, New South Wales, hasn’t advanced much. Contractors had walked off the site in mid 2012 over a payment dispute that was later settled, but work stopped again early this year. Last April, Newcastle, NSW-based NBN TV reported claims the developers had “gone into hiding”, and in June it emerged the builder, Quick Home Australia, had been liquidated. Quick Home’s Hong Kong parent is now said to be claiming $1m from CSST in a suit filed in NSW last month. The developer (not in hiding apparently) expects work to resume “in the very near future”.