Things appear to be going swimmingly well submarine style for some in the Property Development sector
Take for example this one -
https://www.nzherald.co.nz/business/...FWY54FC5ZNPPE/
House-builder Compass Homes Franklin stops trading
And that's in one of the better growth areas for the sector - Article may be paywalled
A fairly good run down of some of the issues the sector faces, including scarcity of sales in this case.