Business
Lendlease to buy back up to 841 homes at ‘sinking’ Jordan Springs East site in Sydney – The Guardian
Only about 90 houses are affected, developer says, but it wants to ‘reassure’ residents
The property giant Lendlease will offer to repair or buy back up to 841 homes in a western Sydney estate built on landfill and dubbed the sinking suburb.
The company maintains that only about 90 of the homes it constructed in Jordan Springs East are actually damaged or affected by structural issues.
Penrith city council has warned residents and potential buyers that independent investigations have found the suburb is allegedly built on landfill of low relative compaction and is subsiding.
The council…
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