My sympathies to you but honestly, those people that did loan compression should've known better? This should really be a reminder to not be greedy and put your eggs in one basket..

I mean.. calling Kuchai a 'prime' area is a bit of a stretch..

For abandonment insurance, you would need participants who are willing to pay the premium. I highly doubt there's a demand for it since the sum assured would run in the hundreds of thousands with premium probably tens of thousands?

For each disbursement level would require sign off and checks. Buyers have a right to raise an issue if these checks are not done and disbursement unfairly given no?

Basically what I'm saying is this. Always do your background checks on the developer. Play safe and you'll stay safe. SA's are always there to sell, not tell the full picture. They can be held accountable if the lied but the onus is on YOU to check and do research since YOU are signing on the dotted line.