May bought her apartment on the promise that property developer Bathla would knock $40,000 off the price at settlement. Now with the company in administration, she has no guarantee it will be honoured.
A Sydney northwest apartment buyer initially decided to purchase a property after the developer promised a 5% discount upon settlement, but with the developer, Bathla Group, now facing bankruptcy proceedings, the possibility of receiving the approximately $40,000 discount is now in doubt.