#3 is actually a major red flag

If the developer has winded up, the whole proceed could take at least an extra 6 mths to settle the title transfer since it involves a liquidator

Delay in getting the keys? Yes

The title needs to be perfected first before the banks can initiate the name transfer. This process alone could take months, depending on how fast the developer is pushing it. Much worse if it is a leasehold, since it also involves getting consent from the State Govt

Once completed, then the banks can start disbursing the moneh i.e. the 3+1 month period to rectify the relevant matters related to Pejabat Tanah, LHDN etc...

Personally, I would avoid props with double transfer issue due to the aforementioned factors. My 1st prop took me close to 18 mths for everythg to be done, including my stupid lawyer who mispelled my name at some point which contributed to the delay as well

But if you can wait, then more power to you

Firstly, make sure the developer is still around and operating