We were buying on old phase 2 - but heard rumblings about cancellation early in 2008 via the forum.Polaris did not contact us at all about it, and no specifics about certain appartments were given- just a blanket delay on all phase 2.
After a few emails to Polaris all they would say that it would be " indefinitely delayed".We were offered a transfer ,or wait and see- and they absolutely refused to give us any idea what the timescale of delay was likely to be.
We strongly suspected then, that if the "cancelled" word was mentioned by them they would then have to give us a refund- which they obviously didnt want to do.
We went out to Spain again-at their expense- and chose an alternative on phase 4 ,the smaller island.
We are still waiting.........................................but at least phase 2 is now underway!