Let's just say that Lincoln Modern was in a position to be screwed even in the beginning. It was the bitch of the bunch. Every time a new condo comes up next to it or in front/behind it, its price drops another $100 psf.
I am just waiting for the Iridium building to go up and then i can acquire the remaining units at Lincoln Modern cheaply (maybe $700 psf? Hope hope) to rent out. By that time you won't even see sunlight hitting Lincoln Modern.
Truth be told, it is still a very very very high quality development. So I will buy it for investment, just because of its quality.
Anyway no great loss to SC Global. They would have broken even on their investment by selling only 40% of their units. or even less.