Ionic serve stops after transpile started

I am using ionic 3 to develop the application. I am able to generate the apk without any problem. But if I run ionic serve after transpile started nothing is happening. I am using macbook pro. Below is the system info:

cli packages: (/usr/local/lib/node_modules)

@ionic/cli-utils  : 1.9.2
ionic (Ionic CLI) : 3.9.2

global packages:

Cordova CLI : 8.1.2 (cordova-lib@8.1.1) 

local packages:

@ionic/app-scripts : 3.1.0
Cordova Platforms  : none
Ionic Framework    : ionic-angular 3.9.2


Node  : v10.14.2
npm   : 6.4.1 
OS    : macOS High Sierra
Xcode : Xcode 9.3.1 Build version 9E501![54%20AM|690x429](upload://iGixq68Umjb04cm1BI0LR1EwnrS.png) ![54%20AM|690x429](upload://iGixq68Umjb04cm1BI0LR1EwnrS.png) 

Can anyone share a possible solution. I am having problem with this project only. If I create a sample project its working fine.

Can you try with reinstalling ionic on your machine.

npm install ionic cordova -g