They bought into Australia's tallest tower. Now their deposits are in limbo (opens original article in a new tab)

Australian buyers are stuck with deposits for a skyscraper project that is not being built, as developers face financial and legal challenges.

• The STH BNK skyscraper project in Australia faces delays and financial issues, leaving 540 buyers with $650 million in deposits locked in a trust account.
• A referral program for existing buyers was promoted during financial difficulties, with critics calling it 'predatory' as the project's future remained uncertain.
• The project's complex structure involving multiple companies and sunset clauses has left buyers unable to rescind contracts, while developers struggle with rising costs and insolvency risks.