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Condo not delivered as per turnover schedule; developer not communbicating; hostile

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Arresto Menor
We are a group of condominium buyers of a mid-rise condo in mandaluyong. The completion (Feb 2010) and turnover date (couple of months after that) has been moved for a long time now, we are waiting in vain as there is no word from the developer about the status. In the one and only email communication they sent, they said there is a delay in the importation of construction materials from China which was a flimsy reason and not truthful since we found out that they are securing a loan for this project. We don't know what happened anymore and we are left with no proper communication and contact person.
Can we still get the equity downpayment we have paid with our hard-earned money for 2 years already or so?
What action can we do to protect consumers like us from developers like this? What legal help can we resort to? Please help us. Many thanks!

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