Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation.
Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company meeting resolved City Residence should be wound up.
The company was yet to complete 13 residential building projects despite the liquidation.
Building and Energy acting executive director Nabil Yazdani said property owners who have contracts with City Residence should contact QBE Insurance to discuss a home indemnity insurance claim.
If a builder becomes insolvent, home indemnity insurance offers protection against lost deposits or incomplete or faulty building work, Mr Yazdani said.
Lodging a claim enables homeowners to begin the pr…
Read the full article at: https://www.news.com.au/finance/business/perth-builder-city-residence-falls-into-liquidation/news-story/c234bb1307b103ae707ee3ea123da748