Developing and investing is two different thing altogether.
They develop project based on demand. Irregardless if it is a genuine demand or not, as long there's demand and all unit can be sold.
All the merit are not calculated based on occupancy or market price upon VP.
Most of the merit are given before the project is completed, calculated based on design, flow, green and etc etc.
During the property bullrun 2010-2015, investors flooded the market which created massive demand & developer gives lots of rebates and 0% downpayment to sell projects.
So now, its the after-effect.....
M-Vertica - Still under construction
The Eden - Some phases completed
M-Residence 2 - People complain so far away
Southville - You know, i know.
D'sara Sentral - Almost complete, but the question is will people use MRT after buying an expensive house? If no, then better buy anywhere near within KL.
Icon City - Low occupancy for commercial.
Correct me if im wrong.