Litigation? What for?

Thought most people prefer to be awarded a fat LAD just like what happened to EkoCheras, no?

No surprise
Super overpriced project at 900-1k psf. Initially I thought upon VP can drop 40-50%.

Now looks like this may not even complete.

Still begs the question: How do you know that it won't VP?

Which means this project is abandoned?

A quick search in Google didn't come up with such news. But since you mentioned that this news is circulated internally, I'd bet by now there should be disgruntled buyers (both internally and externally) who would've filed a lawsuit and this will become public knowledge.

EkoCheras was VP'ed late and the LAD was paid accordingly to the earlier buyers. So far I don't remember coming across an article or two where a group of buyers threatened a lawsuit against them prior to its completion (or even after).