No end in sight for buyers of 2 new condos; still under construction despite 2016 TOP

Sycamore Tree and Laurel Tree due to get TOP in 2016, but still under construction

Astoria Development, which is behind the Sycamore Tree project (above) in Joo Chiat, was ruled by the High Court as being effectively insolvent as of Sept 25, as it could not pay de facto main contractor G1 Construction the sums owed.
Astoria Development, which is behind the Sycamore Tree project (above) in Joo Chiat, was ruled by the High Court as being effectively insolvent as of Sept 25, as it could not pay de facto main contractor G1 Construction the sums owed.ST PHOTO: SYAZA NISRINA

In May 2012, Ms Emmeline Ho's parents bought a studio apartment at the Sycamore Tree condominium in Joo Chiat, due to be completed by end-2016, on her recommendation.

Her parents, who are in their 60s and run a drinks stall at Old Airport Road Food Centre, invested most of their life savings into the unit.

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A version of this article appeared in the print edition of The Straits Times on October 15, 2018, with the headline 'No end in sight for buyers of 2 new condos'. Print Edition | Subscribe