It’s been in development since 2018.
According to his ass has been under development since 2018 because it's being developed by the RE7 team. Which is another lie he made up.
According to the reality and
Moby Games, all the RE7 Capcom employees worked after it on other games like RE2R, RE3R, RE Village, RE4R, their DLCs, RE5 Gold Edition (remaster), MH Rise / MH Rise Sunbreak, DMCV, Exoprimal, SF6, The Great Ace Attorney Chronicles, Phoenix Wright: Ace Attorney - Dual Destinies, Monster Hunter: Stories 2, Capcom Arcade Stadium, Ultra Street Fighter II: The Final Challengers, Monster Hunter: World - Iceborne, Ghosts 'n Goblins: Resurrection, Shinsekai: Into the Depths, Tears of the Kindom or Tekken 8. Then are a couple guys joined Square Enix and and another guy who joined Sony.
The exception are 2 people who didn't release any game since there: a destruction artist and a lighting artist. Who maybe quitted gaming or are working on games as Dragon's Dogma 2, MH Wilds, Pragmata or Kunitsu-Gami: Path of the Goddess.