More dominoes falling as Housing Bubble 2.0 implodes…

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Perth builder City Residence falls into liquidation

Property owners have been left scrambling after another construction company has fallen into liquidation – but there’s still hope money will be recovered.

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.

h/t Simian_Stacker

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