Deposits locked up as BEULAH explores options to revive troubled plans for Australia's tallest tower

Receivers are marketing the Melbourne site of BEULAH’s stalled STH BNK tower after a project entity underwent voluntary administration and the landowner defaulted on Maybank financing, leaving deposits tied to about 540 off-the-plan contracts worth $650 million in trust while the developer seeks a new partner or refinancing to revive the project.

More from ABC News.