Side track a bit, for those who is interested about this article
LKC in a recent round table discussion about property field in post-GST era, is aware that
developers have to financially strong.
"If the market is soften for too long, he believed more projects will be put on-hold as
small developers probably can't sustain for long term due to lack of buyers.
Meanwhile, he also advised homebuyers to carefully select reputable developers with
financial strength to avoid a project to be put on-hold."
"若市场买气低迷太久,我相信可能会陆续看到更多工程搁置的情况,因为一些小型发展商的发展计划若缺少买家,恐怕无法支撑太久。
同时,购屋者买房时,也要谨慎选择信誉良好的发展商,避免财务实力不足工程搁置。"
(I am not trying to discuss if EKV is a reputable developer with financial strength.
Me also not related to the developer)
Instead, I choose to closely monitor the progress (if possible) to observe if there is a "on-hold" situation occurs.
http://www.nanyang.com/node/705602?tid=688