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Build
then Sell (BTS) Page 03
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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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