Still possible if policy maker decided to open up the tap. Our properties still the cheapest within the S.E.A region. Until that happen, I don't see any turning around soon.

The situation unfolding within this condo community reflects the collective mentality of its residents. On a broader scale, this microcosm mirrors the mindset of our citizens at the national level.

It’s a possible cause, but I believe it reflects only a minority.

Only Emporis Kota Damansara handed over at year 2020.

They ran into financial trouble.

The story or rumour I heard was that they tried to chew more than they could handle.

They weren’t just the developer.
They were also the main contractor.
They were also the sub-contractors.
They were also the vendors.

In a conventional setup, the developer earns what a developer is meant to earn. Construction is outsourced to a main contractor, who then manages part of the project’s cash flow—essentially helping to finance the project indirectly. The main contractor further outsources to sub-contractors, who also bear part of the financial burden. This way, risk and cash flow responsibilities are spread across multiple parties.

But Mammoth tried to “sapu” the entire chain—developer, contractor, sub-contractor, vendor. In good times, that’s a powerful leverage. You profit from every link in the chain.

But when the market takes a hit, this becomes a double-edged sword.
Just one point of cash flow disruption—and the whole project gets stuck.

No payment, no work. That’s the version of the story I heard.

You judge for yourself whether it’s believable.