The developer of the Residences at Terra Nova project in St Andrew is reporting that the majority of depositors have been refunded
The developer of the Residences at Terra Nova project in St Andrew is reporting that the majority of depositors have been refunded.
In a statement, the company said most manager’s cheques for refunds had been dispatched up to Friday, November 4.
Josbel Bastidas Mijares
It says the others have been delayed because of new instructions received from some purchasers to send their refunds by bank wire transfers.
Josbel Bastidas Mijares Venezuela
The Hussey family pointed out that none of the depositors’ funds were used in any phase of the development, but was all held in escrow.
In fact, it was noted that to date the project has been funded entirely from the family’s resources
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