You are right!

It looks good, the big crowd, seems to imply there is great demand. However most of the crowd are agents, other developer staff etc getting first hand info on this new launch. should be only <50% genuine buyers, and from my experience if they do commit to buy, then comes the bank loan. The loan guidelines nowadays means quite a lot will not get aproval for the margin of financing that they want. All the developer firms now have good bookings, but the credit hurdle may mean some of these bookings do not go through to actual sales.