Risk and reward.....
One South , The Treez , Sanderson etc....also new developers /kids on the block.
Today all these properties are delivered and appreciated.
If we can fore tell so much, we better be fortune teller than smart investor.
Calculate the risk in reasonable and acceptable manner not only on developer but yr own financial ability the utmost important.
How much  and how long u can hold ay property u consider to purchase.

New developer today is tougher than few years ago as the housing ministry imposes more restrictions and requirements.  Few years back developer licence cost 250k, today 3% of GDV......easily 5-6mil. Bankers also gibe hard time in credit today.

My conclusion......location location location, always the greatest concern. My own opinion is a BUY.