The developer behind the Marina Bay City project says it was never paid for the majority of villas sold to Kinnara clients, despite Kinnara allegedly holding as much as $6.5 million AUD in client funds intended specifically for villa construction.

According to the developer, less than $300,000 was ever received toward villa builds—an amount described as grossly insufficient relative to the number of villas sold under Kinnara contracts.

The developer, Lux Properties, says this discrepancy explains why many Kinnara clients are now demanding answers about why their villas were never built, why construction never commenced on their lots, and where their money went.

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