Thought we had already answered.... Banks are in the business of lending money so the majority of banks are taking the view that the money is not here they could make more money in other projects and or the risk factor is too high. There are other reason, a multitude of independent and previously unknown developers, a project that is behind sked, and the location to name a view.

I spoke to 3 different Banks and all said much the same thing about I.C. On the other hand banks are tripping over themselves to lend you money on high end Villa Projects even going so far as to lend 90% finance. This was unheard of several years ago It shows how the banks view this sector of the market.