Put it this way,
In term market confident and financial viability during the stage of the development,
The bank and financial institution are highly confident in taking over the development project as soon as the completion of the substructure and superstructure.
That's why we always see a lot development project get abandoned before the completion of the structural works.
Upon completion of this structural works,
It's quite easily for financial institutions to look for further development right to continue those abandoned project as less hassle in dealing with overall rigidity of building that done by third parties previously.

There are a lot of abandoned projects which have done structural work. More recent one : selayang spring n the boss in klang. No financial institution will put their feet into the shit hole taking over abandoned project and face hundreds or thousands of angry buyers. They will only make sure one thing , when the company is liquidated , they get to claim back their portion by hook or by the crook saja. They will not be there to save the world and neither people expect them to.

But majority of the taking over is via Bank auction instead of direct negotiation.
Developer's also have conduct development appraisal before taking over.

Wonder why they didn't learn on their empire damansara project.
And that place seem to be dying

Just checked on iproperty website, there are quite a few owners willing to let go at RM300k.

Willing to or dying to?

Willing to or dying to?

Isn't this a good timing to buy? The price is much more lower than the other surrounding studio units.

Bank auction incomplete units or abandoned project?

More like dying to...but we do symphatise the buyers...

Dying to sell because some default on bank instalment and they need to pay high interest as a result of their default, some because they are holding too many properties??

Just checked on iproperty website, there are quite a few owners willing to let go at RM300k.

Yeah the interest is raised now. I have spoken to Banker, they can justify for us for the interest rate.
But most importantly is the CCC of the tower. no point issue VP to buyer when the CCC is not even approved.

Unless cash buyers....

Fewer banks will loan you for subsale of EC

Buy and stay here??

Buy and invest. Mayland is building luxury condo next to Empire City where the price starts from 1 million (prelaunch 800k) and using country height address. MYEG is buying additional 7 stories of office at empire city last month.

Those bought mayland previously are unlikely to buy from them again.