I'm cautious about these massive amounts of "pre-sales", especially since the word is they went to friends and family. We saw this happen with a lot of developments during the last boom, allowing the building to hit the percentage it needs for bank financing to start construction. Once that is underway the friends and family "sell" the units back to the developer so they can put them back onto the market (usually at a higher price).
Long story short, I would look to see a lot of the 9 suites come back onto the market later during the construction process, or even closer to completion.
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