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In Penrith NSW on “Deletion of Condition 11 -...” at 21 Woodriff Street Penrith NSW 2750:

Concerned Neighbour commented

It is not of council concern on how the developer funds the project or attempts to mitigate risk by selling apartments. If the developer wants to mitigate risk they can have investors purchase a share in the development. By allowing the building to be strata subdivided you are allowing the entire building to be sold individually which is not the intent of the original development. There have been design elements that were argued by the fact that this is a serviced apartment development. It will no longer be a serviced apartment building, it will just be another apartment complex under the disguise of a serviced apartment. If this is allowed, council will not know how many units are sold, if not all of them.The building has already pushed the planning controls with many items, especially height.
For this change, I would expect the entire development to go through a new DA.

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