cent return: The two deposits were for apartments in Ruby 2 and Ruby 3 part of the 1.4 billion Ruby Collection by developer Ralan Group built on the former Paradise Resort site on Queensland's Gold Coast, according to Nine News Australia. After the purchase the developer asked her to sign over her deposit for a 15 per cent return on interest. To improve your experience update it here News National Families fear millions lost after developer's collapse By Alison Piotrowski7 51pm Oct 3, Zhao spent close to 200,000 on two apartments that may never be built. She felt the offer was too good to refuse. We didn't realise because they have been doing the same thing for 15 years, Zhao told A Current Affair. However Ralan Group is now in receivership, with unsecured creditors like Zhao unlikely to get their money back.
(news.financializer.com). As
reported in the news.
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