The credit crunch is biting hard and appears to be affecting the many bijou housing construction projects littered around Clapham. The huge  construction site on Macaulay Road in the old town has now been abandoned and is in the  process of being sold off as the the developers are worried that they may not be able to sell the flats for a profit due to the crunch.   There is speculation that the new library project may be similarly abandoned if the developers get cold feet about the viability of their housing scheme above the proposed library, so watch this space!