Developer rescinds 34 of its own contracts
Wang v Kaymet Corporation Pty Ltd [2015] NSWSC 1459 (6 October 2015) This is a case where a developer terminated its own contract for the sale of residential apartments. The developer developed a site for 94 residential apartments at Wolli Creek New South Wales and had sold the apartments “off the plan”. The off the plan contract contained the typical sunset clause that required the apartments to be completed by a certain date. In this case the sunset clause was 30 months fro
