Waterfront condominium sails into troubled waters
Owners approve $250,000 to fight developer over alleged defects
Residents of waterfront condominium The Sail@Marina Bay have prepared a war chest to embark on a legal battle against its developer over damaged fixtures.
Yesterday, about 100 owners and residents attended a tense, six-hour Extraordinary General Meeting (EGM), where they approved up to $250,000 in management funds to be used as legal fees.
However, three other key motions to resolve the property's issues - which ranged from falling glass panels and card access security to council members allegedly misusing their power to further their careers - failed to pass.
The long-running saga hit new heights last month, when The Sail's Management Corporation Strata Title (MCST) sent three letters of demand to its developer City Developments (CDL), calling for it to rectify the alleged defects.