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Buyer Sues Developer Over Alleged Breaches in £1.5 Million Luxury Apartment Deal

Mi Suk Park seeks over £700,000 in damages, claiming the completed apartment deviated materially from agreed plans, while the developer countersues to retain her deposit.

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The 50-storey Aykon London One

Overview

  • Mi Suk Park, a buyer of a luxury apartment in London's Aykon London One tower, alleges the property differs significantly from the agreed-upon plans, citing a missing bathtub, a smaller second bedroom, and an intrusive utility cupboard.
  • The developer, Nine Elms Property Ltd, argues the changes were permissible under the contract and that pre-purchase materials were labeled as illustrative examples.
  • Park is suing for over £700,000, including her £381,000 deposit, rent paid during delays, and losses from a hurried home sale caused by a two-year delay in the apartment’s completion.
  • Nine Elms Property Ltd is countersuing, claiming Park forfeited her deposit by failing to complete the purchase after refusing to move into the apartment in 2022.
  • The Central London County Court is currently evaluating whether the deviations in the apartment's layout constitute breaches of contract and whether the developer adhered to the terms of the agreement.