Building is quite a risky proposition, mostly due to the large investments required, the time to recoup them, and the uncertainty of the costs. Delays and unfor

Building is quite a risky proposition, mostly due to the large investments required, the time to recoup them, and the uncertainty of the costs. Delays and unforeseen issues quite often turn a construction into a money-losing venture. Once those risks are factored in, despite the large return on successful investments, the profits aren't great. So, it doesn't take much to make a proposition unattractive. Luxury apartments tend to be more attractive to builders not simply because they can make more money, but because the increased profit result in lower risk.