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Build then Sell (BTS)
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Pros and cons of build then sell
26/12/2000 MM
UNDER the "sell then build" (STB) concept, a businessman can become a developer
almost overnight, by acquiring land.
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Build first, then sell policy mooted for houses
20/04/2001 Malaysia Kini National House Buyers Association
The government has been urged to implement a 'Build first then sell' concept
- where developers can sell their properties only after they are fully-built-
to overcome numerous complaints by disgruntled home buyers relating to abandoned
housing projects.
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Build-then-sell works for Bandar Utama
19/11/2001 www. theedge.daily By Audra Jeyaraj
Build then sell or sell then build? This is a question property developers
have asked themselves for decades now. For Bandar Utama Development Sdn
Bhd, the developer of Bandar Utama, the build-then-sell concept has worked
out well.
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No to build then sell
21/09/2002 NST-PROP By Eileen Ng
The build then sell concept is not applicable in Malaysia now as the country’s
property market has yet to mature and there is still strong demand for housing,
said Real Estate and Housing Developers’ Association (Rehda) president Datuk
Jeffrey Ng.
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Model for compromise
21/09/2002 NST-PROP By National House Buyers Association
A system that has been practised over a long period of time eventually becomes
the accepted norm in a society.
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Rethinking our delivery system
21/09/2002 NST-PROP By National
House Buyers Association
The property industry’s decades-old practice of “selling off-the-plan” passes
the financial burden that ought to be borne by developers squarely on house
buyers.
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The plus points
21/09/2002 NST-PROP By National House Buyers Association
It is an age-old tenet of business practice that businessmen have to shoulder
the capital for whatever activities they undertake. More significantly,
they also have to carry the risk of either success or failure. However,
the property industry appears to be the only exception to this well accepted
and universal tenet.
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A step closer to build then sell
17/12/2002 www. theedge.daily My Space:By Kumar Tharmalingam
Many years ago, Datuk Seri Dr Mahathir Mohamad said that a measure of his
success as a leader in a multi-racial country was that none of the three
major communities was satisfied with his performance. And that if one community
was completely satisfied, he was not doing a good job as prime minister.
The Housing Development (Control & Licensing) (Amendment) Act 2002, effective
Dec 1, 2002, was hailed by consumer groups and house buyers associations
as a step in the right direction. Housing developers on the other hand,
have expressed alarm and concern over certain provisions they fear could
open a Pandora’s box of nasty, petty litigants.
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Build first, sell later
20/12/2002 The Star
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Adopt build-then-sell variant
11/01/2003 NST-PROP By National House Buyers Association
It is refreshing to know that the Ministry of Housing and Local Government
is in harmony with our thinking and that the newly implemented amendments
to the Housing Development Act actually encourages developers to adopt the
build-then-sell concept for the property industry. To propose an absolute
build-then-sell concept is probably too big a paradigm shift and the industry
players may not be in any mood to consider it. Hence what we propose is
a variant of the concept.
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Merits of build-and-sell
11/02/2003 www. theedge.daily Reminiscences: By Shaik Osman Majid
We are one of the few countries where a house is bought on nothing more
than an artist’s impression. We hand out down payments when we are allocated
a space in one of the phases the developer launches. We search out and obtain
loans before signing the sale and purchase agreement (S&P) in the belief
that the developer will deliver the house of our dreams in two years.
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"Build then Sell" concept should be adopted in Malaysia
29/03/2003
Utusan
KUALA LUMPUR March 28 - "Build then Sell" concept should be adopted in Malaysia
to end the house buyers' misery as risk factors would be shifted from buyers
to the developers and financial institutions, said House Buyers Association
(HBA).
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Purchasers push for build-and-sell system
22/06/2003 NST
BUYING a house can sometimes be a bad investment, especially in the following
circumstances: when the project is abandoned, when your house turns out
to be a lopsided building filled with cracks, and when your house is in
the middle of no-where - not 20 minutes from Kuala Lumpur as promised by
the developer. One way to ensure that buying a house is not as risky as
investing in the stock market is to ensure that the house is ready when
it is purchased. The National House Buyers Association has been advocating
the build-and-sell concept for quite sometime now.
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`Build-first-sell-later concept will affect supply drastically'
26/06/2003 NST
THE "build first sell later" concept as a means to help house buyers and
overcome the problem of abandoned housing projects will create a set of
different problems. Deputy Housing and Local Government Minister Datuk Peter
Chin Fah Kui said many developers would not be able to embark on housing
projects and supply would drop drastically.
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“Build first “’policy proposed
17/9/2003 The Star
The Government should re-examine the "self first, build later" housing policy
as the concept places risk on buyers instead of on developers, said a back-
bencher. Lee Kah Choon (BN - Jelutong) said the average cost of an apartment
unit bought by medium-income earners was about RM200,000.
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Rumah siap baru jual
13/12/2003 HARIAN METRO
Menteri Perdagangan Dalam Negeri dan Hal Ehwal Pengguna, Tan Sri Muhyiddin
Mohd Yassin, berkata ini bagi memastikan pembeli rumah mendapat layanan
baik.
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`Promote build-then-sell plan'
15/12/2003 NST
The National House Buyers Association today called on public agencies such
as Syarikat Perumahan Negara Bhd and state economic development corporations
to take the lead in promoting the “build-then-sell” concept.
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