A Chinese government linked property developer with unpaid claims from Queenstown contractors has gone into liquidation, leaving the future of over 100 Fernhill residential units in doubt.
Triple Connection Ltd was put into liquidation on February 13 after landscaping company Top Garden failed to get a response to a statutory demand linked to an unpaid $80,000 invoice and even higher legal costs. Queenstown company Concept Builders was also owed money by Triple Connection.
The developer was behind the troubled Jade Lake project that was launched with great fanfare back in 2018.
Min ‘Homy’ Yang, left, with Chinese Embassy officials at the 2018 Jade Lake launch.
37 Robins Road, Queenstown is listed as the main…
