The only reason this project is yet to started must due to capital equity and funding issues....
I don't think the reason for delaying launching was due to slow market demand.
Necessary adjustment to early forecasted gdv is needed particularly due to current market demand for affordable housing.
Yet, revise in gdv will need to re negotiating a lot of terms and conditions with politicians, land owners, founders and spv stakeholders

Definitely something big is coming...
But without financial support or funding from overseas,
I doubt any of the local developers are capable of developing this mega development.
Consequently, the most difficulties part either to be done by local or oversea group...
Eventually is still go back to financial funding and cash flow.
The land owner sure know what I means...
The charged land will not easily been lifted without financial inflow to support.
Don't be surprise that this land will finally develop by bank institution with jv with China contractors

Cash rich developers will only considered to buy this land if Kwasa is to sell lower or below the current market value due to current soft market.
The problem is currently all the land are charged to bank base on current valuation value.
Who ever interested parties will need to settle their outstanding charge in order to gain the development right...
So, this what happen in our country....now...
Land charge to bank, money used up,....
Only have to wait for the land to appreciate in value,
Then only can find the new investor....
Sound familiar like??