The most difficult part of the project and construction such like deep excavation and basement construction already completed.
Supposedly the developer's shall able to complete it

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.

Currently, I believe those purchasers are much more worried than developers.
Imagine, someone borrow from you.
Eventually, you will hope that nothing went wrong with him until he repaid your money

To me, the main failed reason is lack of experienced in developing such a huge and high GDV development.
No effective cash flow forecasting and test running during planning stage .

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

If the same building located at BUKIT Tinggi,
Yes, probably will turn into ghost town,
But it's now located at Damansara...every unlikely to be failed

Of course, the cash flow is regardless of where it's located.
But don't forget it also reveals opportunities for third parties to be taken over.
If you are the potential investers who wish to salvage this project.
You really mind if it's located at Damansara or Bkt Tinggi right...
Nowadays, there are many many business model in the market and you hardly see a development project is being abandoned.

It's not like 5 or 10 years ago...

It also means that as far as you haven't got the disclaimer letter's,
The risk of foreclose go after your unit is still there..?

Thank you for your information, Irene