IntelliJ spring unable to build project

Since upgraded to 2017.3.2, I was unable to build and run my spring project.

System Information:

IntelliJ IDEA 2017.3.2 (Ultimate Edition)
Build #IU-173.4127.27, built on December 26, 2017
Licensed to Derek CHAN
Subscription is active until February 10, 2018
For educational use only.
JRE: 1.8.0_152-release-1024-b8 amd64
JVM: OpenJDK 64-Bit Server VM by JetBrains s.r.o
Windows 10 10.0

Error Trace:

Error:Internal error: (java.lang.NullPointerException) null
java.lang.NullPointerException
at org.jetbrains.jps.model.serialization.JpsProjectLoader.loadFromDirectory(JpsProjectLoader.java:156)
at org.jetbrains.jps.model.serialization.JpsProjectLoader.loadProject(JpsProjectLoader.java:96)
at org.jetbrains.jps.model.serialization.impl.JpsSerializationManagerImpl.loadModel(JpsSerializationManagerImpl.java:42)
at org.jetbrains.jps.cmdline.JpsModelLoaderImpl.loadModel(JpsModelLoaderImpl.java:50)
at org.jetbrains.jps.cmdline.BuildRunner.load(BuildRunner.java:79)
at org.jetbrains.jps.cmdline.BuildSession.runBuild(BuildSession.java:280)
at org.jetbrains.jps.cmdline.BuildSession.run(BuildSession.java:138)
at org.jetbrains.jps.cmdline.BuildMain$MyMessageHandler.lambda$channelRead0$0(BuildMain.java:235)
at org.jetbrains.jps.service.impl.SharedThreadPoolImpl.lambda$executeOnPooledThread$0(SharedThreadPoolImpl.java:42)
at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:511)
at java.util.concurrent.FutureTask.run(FutureTask.java:266)
at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1142)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:617)
at java.lang.Thread.run(Thread.java:745)