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Hedgeley Malvern East – Settlement Update

Little Projects


SETTLEMENT UPDATE

Little Projects is disappointed to advise that the Plan of Subdivision will not be registered in time to allow for settlements to occur prior to Christmas.

Whilst we have been closely monitoring Hutchinson’s work, unfortunately the building in its current state does not meet our high quality expectations and further work is required before we are able to call for settlement.

We are also experiencing delays with City of Stonnington Council who have not yet issued the Statement of Compliance. We are not able to call for settlement until it has been issued, and we continue to work closely with Council.

We understand that you will be disappointed with this outcome. We are extremely disappointed that we have not been able to call for settlement within the anticipated timeframe.

 

NEW ANTICIPATED TIMEFRAMES

Apartments from Central Atrium level (level C) to level 2

We expect to call for pre-settlement inspections for apartments on level C to level 2 mid-next week, however this is dependent on the builders and we cannot commit to this until early next week.

Unfortunately, the builders are still in the process of finessing the apartments to the high quality standards that we require in order to call for pre-settlement inspections.

We now expect to call for settlement in mid-January 2019.

We regret to advise that while the builders continue working on the finishing touches of your apartment, it will not be ready for us to call for pre-settlement inspections prior to Christmas.

We will communicate with you early next week to confirm when your apartment will be available for finance valuation.

We anticipate that pre-settlement inspections will be called from mid-January, with settlement anticipated from late-January.

We are working as hard as we can to deliver your new apartment to you as quickly as possible, delivered to the high standard of quality that we require in all of our projects.

If you have further questions regarding settlement timing, please contact your agent.

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