You pay the developer during the build - he may run away with your money
Stupid move. His profit is 40% legally.
developer goes bankrupt or if the flats are put up as security for a loan and the bank comes after them.
Today they have to put deposit.
You buy a ready-made flat.
and you buy a land and who has land has flat.
co-op never go bankrupt. Mafia cannot bankrupt ;)