Families face losing homes

The nine affected parties paid $10,000 deposits for the construction of houses in a Riccarton estate developed by Permanent Homes Ltd.

The balance of the value of the houses was to be paid after their completion. Despite some homes having finishing dates as long ago as July 2003, the houses remain in various stages of construction. Some look almost liveable, while others are no more than timber framing.

The anxious customers were continually assured by Permanent Homes that their houses were not far from completion.

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