The property developer behind the project, the M and A Group, was recently placed under administration and is believed to owe more than $2 million to unpaid subcontractors.

A recent "defects report" shows the building has been plagued with issues such as leaking toilets, faulty air conditioning and cracks in the walls and ceilings.

Last week the first annual general meeting was held for Esque residents, with the election of an executive committee to represent unit owners one of the main items of business.

It is understood that residents have discussed how to get the list of defects addressed while the developer is in administration, and whether legal action is the best avenue to do so.

"It was a productive meeting," said one attendee.

"But there was a general feeling of frustration against the developer."

Representatives from the Independent Property Group, which sold units inside the apartment block, were present at the meeting.

"The AGM went well considering the issues that are facing the unit owners in the Esque development," a company spokesman said.

"The executive committee will be investigating all options available to them and are awaiting communication from the appointed administrators.

"Until communications are received and authorisation from the committee has been provided no further disclosures can be made."

Representatives of the administrator appointed to the M and A Group were also present at last week's annual general meeting.

Deloitte, the company appointed as the administrator of the M and A Group, did not reply to questions from Fairfax Media.

In December Esque apartment owners were sent a "defects report" detailing 29 separate issues with the building.

The list was compiled on behalf of residents by the Independent Property Group, which is the real estate agent selling apartments inside the Esque building.

Each defect described on the report was accompanied by a list of the apartments affected.

It showed that five units have complained about toilets that either leak or do not flush, six apartments have complained about their air conditioning not working, and four apartments needed a plasterer to fix cracks or holes in the walls.

Twelve apartments had complained about receiving either the wrong white goods, or advertised white goods not being supplied at all.

Minutes from a meeting between residents and the Independent Property Group on December 11, 2017, revealed a growing frustration among apartment owners.

"Independent Property Group understands the disappointment owners are feeling and would like to ensure that all issues are being raised," the minutes read.

The lawyer acting for the M and A Group, Bernard Tan, has previously said he could not comment on the appointment of an administrator to the company.

"At this stage, we haven't been contacted by the receiver and administrator so have no comment," he said.

"However, construction of the Esque development is completed, the units plan has been registered and all except a handful of the settlements have already occurred.

"I would expect that the receiver will settle the rest of the units in the ordinary course."