German Sports Tower 2 still on design stage

After calling Pyamod / SKE Holdings, I found out the following about German Sports Tower 2 in Dubai Sports City:

“Presently, our architect and in-house engineers are working on a new design for GST2 since the Dubai Sports city has re-sized the plot for the said project. The new plot size for GST2 is smaller as compared the to original plot size our company bought it for.

I’m not sure however how long it will take to get all the papers done and approved to get the necessary building permit for GST2 and I know that it has already been a long wait for you. Should you however be interested, we can relocate you to another project of ours that’s also in Dubai Sports City and that has already started the shoring and piling stage.”

This project they mention is German Design Tower 1.  Has anyone received this type of response?  If so, do you think it’s wise to make the switch over to this new property?

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Comments

Good news, but how can they build German sports tower 2 if they are no money left?

I dont understand.

Many regards
Christian

Previously they started building GST 1, and along the way it was stopped, it reached concrete building somewhere upto ground level and then stopped, (two years ago), I called them for German Design tower they said it will be completed in 2012. so nobody knows you pay more money for the transfer and this project stops in mid way as well.

Hey everyone; I had studied all of your comments. I had such problems and headaches. I gone to the court and follow my matter since 2008 till now. but they didnt return back my money and i paid big amount also to the lawyers. my friend told me about company that swapping and he did that so
i gone to the company and they said they will swap it to ready one. now I had swapped my units to ready projects. let me know if anyone want to solve his/her problems. they offered me very good offer and i accept it because i tried all other ways but no benefits. I can give their number. they might help you also.

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