It is common for developer to overstate number of sold unit.

Developers launched a total of 52,713 homes in 2016 but only managed to sell less than one third of these — 16,532 units (31.4%).

The second highest number of home launches last year was in Selangor, at 8,087 units. Of these, developers sold 35.6% or 2,875 units.

Kuala Lumpur, meanwhile, put out 5,816 homes last year but only 1,588 of them (27.3%) were sold.

http://propsquare.my/2017/04/22/malaysia-p...e-go-from-here/

Is ekotitiwangsa excluded from napic statistics?

Most consumers in the kangkong land only buy when others buy i.e herd behaviour or peers pressure and like to chase after rising price. if a potential buyer learned a project is poor sale, ze will lack courage to buy. hence, most if not all developers typically claimed over 70% sold and rise price in stages, to attract the herd, and "loan rejected units" is almost always available.

This post has been edited by icemanfx: Jul 3 2017, 12:54 AM

More like the herd is oblivion of the bait.

The herd is oblivion of the staging (e.g. cheap and easy credit) that lead them to believe (e.g. price appreciation inflation) and make the decision.

Looks like the main contractor has withdrawn from the site; could mean developer lack cash flow to continue. high risks to become a abandoned project.

This post has been edited by icemanfx: Oct 23 2019, 10:54 PM

Then why the site is deserted?

This post has been edited by icemanfx: Oct 24 2019, 03:03 AM