| From Balticbusinessnews.com: Harju County Court declared bankrupt another Estonian real estate developer Askas Ehitus. Askas Ehitus was the same developer that promised to give a new compact car to the buyers of its housing in spring 2007. More specifically, a buyer of its 3.4 million kroons house would have received a new Toyota Auris that costs around 230,000 kroons.
When the company failed to attract any buyers, it then reduced the price of its housing by half a million kroons. The company was developing housing areas in Patika and Karla villages. Although the company managed to sell most of its houses in Patika 13 it ran into problems with finding buyers to its another development, an area of row houses that cost 1.3 million kroons and were not finished..... Full Article: Source
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