then Sell (BTS)
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Building on confidence
FOR some developers, the build-then-sell method is
too risky. But for a company such as the Bandar Tasik Semenyih Group
(BTSG) which is undertaking a 16-acre project comprising bungalows,
semi-detached units and superlink houses in an enclave called Seri
Damai in the burgeoning Kajang township in Selangor, the approach
makes perfect sense. In the words of the company's managing director
Lim Yan Pok: "The concept has been proven effective by creating a
win-win situation for both developer and buyer."
Pembeli terdedah risiko beli rumah belum siap
ALIRAN industri perumahan di Malaysia dengan konsep ‘beli rumah belum siap’
menimbulkan pelbagai kesulitan kepada pembeli, terutama apabila projek
perumahan itu terbengkalai.
Building on confidence
08/05/2004 NST-PROP By Fadzil Fauzi
For some developers, the build-then-sell method is too risky. But for a
company such as the Bandar Tasik Semenyih Group (BTSG) which is
undertaking a 16-acre project comprising bungalows, semi-detached units
and superlink houses in an enclave called Seri Damai in the burgeoning
Kajang township in Selangor, the approach makes perfect sense.
low-cost housing woe
15/05/2004 NST-PROP By
Prof. Salleh Buang
I think it is about time we rethink our stand on the build-then-sell
method and move away from the current practice of sell-then-build,
which has causes untold misery, no thanks to errant developers.
Govt Studying "Build First, Sell Later" Concept For Housing Developers
KUALA LUMPUR, May 21 (Bernama) -- The government is studying the
possibility of making housing developers build houses first before
selling them, Prime Minister Datuk Seri Abdullah Ahmad Badawi said
Syarat baru rumah dikaji - Abdullah: Projek perlu disiapkan dahulu sebelum
KUALA LUMPUR 21 Mei - Kerajaan bersedia mengkaji kemungkinan
mensyaratkan pemaju perumahan menyiapkan rumah mereka terlebih dahulu
sebelum menjualnya kepada pembeli. ...
Developers may be told to adopt the ‘build and sell’ concept
22/05/2004 NST By Firdaus Abdullah
Build and then sell may be the order of the day for housing developers
soon. Datuk Seri Abdullah Ahmad Badawi said today that the Government
wanted developers to have funds in hand before embarking on projects.
"We want developers to have adequate funds and not sell first to get the
money to build," the Prime Minister said.
REHDA sifatkan konsep bina dan jual sebabkan harga rumah meningkat
KUALA LUMPUR 21 Mei - Persatuan Pemaju Hartanah dan Perumahan (REHDA)
hari ini menyifatkan langkah untuk mensyaratkan pemaju melaksanakan
konsep bina dan jual akan menyebabkan harga rumah meningkat. Naib
Presidennya, Datuk Mohd. Khalid Harun berkata, konsep bina dan jual itu
juga akan menyebabkan lebih ramai rakyat negara ini tidak mampu membeli
rumah dan jumlah rumah yang dapat dibina oleh pemaju amat terhad.
Developers concerned about ‘build first sell later’ proposal
22/05/2004 BT By RUPINDER SINGH
PROPERTY developers are concerned that the proposal to make them sell
only completed houses will increase house prices and raise borrowing
Kerajaan kaji benar rumah 90 peratus siap baru
KUALA LUMPUR: Kerajaan akan mengkaji kemungkinan hanya membenarkan
pemaju perumahan menjual atau mengiklankan jualan selepas projek
berkenaan sekurang-kurangnya 90 peratus siap. Datuk Seri Abdullah Ahmad
Badawi berkata, langkah itu bagi mengelak pemaju dengan menggunakan wang
pembeli sedangkan rumah baru hendak dibina
Ninety pct developers cannot afford build and sell concept-Ong
KUALA LUMPUR May 22 - Some 90 percent of Malaysia's real estate developers
are not prepared to implement the "build first, sell later" concept for
houses due to financial reasons, Housing and Local Government Minister
Datuk Seri Ong Ka Ting said.
peratus tidak bersedia
23/05/2004 Metro Ahad
KUALA LUMPUR: Kira-kira 90 peratus pemaju di negara ini masih tidak
bersedia untuk melaksanakan konsep rumah 'siap dan jual' bagi projek
perumahan, kata Menteri Perumahan dan Kerajaan Tempatan, Datuk Seri Ong
Ong: Builders still need to overcome build-and-sell hurdles
23/05/2004 Sunday Star
KUALA LUMPUR: The Prime Minister's call for developers to adopt the
build-and-sell concept is a good proposal which must be looked into
before it is carried out in stages, said Housing and Local Government
Minister Datuk Seri Ong Ka Ting.
Sapp feels build first sell later can avoid problems for housebuyers
KOTA KINABALU May 22 - The Sabah Progressive Party (Sapp) feels that the
"build first, sell later" concept for houses will be able to solve and
avoid many inherent risks and problems affecting housebuyers nationwide.
Build and sell concept beneficial to all
24/05/2004 The Star By RAVEEN RYAN SUNDRAM,
I STRONGLY support Prime Minister Datuk Seri Abdullah Ahmad Badawi’s
proposal to make developers build houses first before selling them, “Build
and sell”, (The Star, May 22).
Build and sell better housing
NO one in his right mind would commit a large chunk of his present and
future savings to a major purchase on the strength of a glossy brochure.
Yet that is how most people buy their most valued asset — their homes
Persatuan sambut baik syarat baru jual rumah
KUALA LUMPUR 23 Mei - Beberapa buah persatuan pengguna menyambut baik
langkah kerajaan mahu mensyaratkan pemaju perumahan menyiapkan rumah
sebelum dijual kerana ia dapat mengelakkan pembeli daripada teraniaya jika
Nas Pavilion project gets good response
... Speaking to reporters later, Dr Ng said the Government’s recent
suggestion that developers may be asked to “build then sell” is meant to
protect house buyers without over-regulating the building industry.
Developers: Study implications of build and sell concept
25/05/2004 The Star
KUALA LUMPUR: The Real Estate and Housing Developers Association Malaysia
(Rehda) has urged the Government to study the implications of the build
and sell concept.
Adopt Build First And Sell Later Concept, Housing Developers Told
KOTA KINABALU, May 25 (Bernama) -- Sabah Deputy Chief Minister Datuk Yahya
Hussin has called on housing developers in the state to adopt the "Build
First and Sell Later" concept to ensure a win-win situation for both
developers and buyers or consumers.
Build before you sell makes sense
"BUILD-before-you-sell" for the builder is
"see-before-you-buy" for the buyer. How many of us would buy a new
car without test driving or at least seeing one? How many of us
would marry without meeting or at least seeing our future life
partner? Yes, I know some do, but that is the exception. One could
buy a house before it is built if he chooses to, but that will
always be an option.
It's a question of risk for housing developers
I REFER to "Developers concerned about `build
first, sell later' proposal as opposed to `sell first, build
later'," (NST, May 22). The whole idea and reason for choosing a
particular method is risk positioning. In other words, it's a
question of who's taking more risk: consumer or developer. The "sell
first, build later" is the preferred method for developers because
it is less risky; they do not need deep pockets and as long as they
can pre sell 60-70 per cent of the stock, it's a home run.
Ubah konsep jual rumah
25/05/2004 Utusan Oleh Azman Anuar
Cadangan Perdana Menteri, Datuk Seri Abdullah Ahmad Badawi untuk mengkaji
semula syarat pembelian rumah dengan kemungkinan mensyaratkan pemaju
perumahan menyiapkan rumah mereka dahulu sebelum menjual kepada orang
ramai sebaik-baiknya jangan ditinggalkan berlalu begitu sahaja.
Shorten delivery time
By RON PICKERING,
I, ALONG with many other Malaysians, applaud the Prime Minister’s call for
developers to adopt the build-and-sell model. House-buyers have had to put
up with slow delivery and poor quality and the build-and-sell approach
will be a sure way to provide buyers with a chance to see what they get
before committing their hard-earned money.
by condition of new house
25/05/2004 The Star
HEAVED a sigh of relief when reading your report, “Build and sell”
(The Star, May 22). Perhaps it really is premature to rejoice at our
Prime Minister's statement but all the same it is reassuring that he
is looking into the matter.
Make it the norm
THE call by the PM for developers to build houses first before selling
them should be lauded. It is time the Government introduced it to protect
‘Build and sell’ a great idea
By YIN EE KIONG,
However, the Housing and Local Government Minister seems less than
convinced. He cites problems in making this paradigm shift. His negative
attitude is disappointing.
Heed 'build-and-sell' call of prime minister
27/05/2004 The Sun
YOUR "Ipoh Watch" column highlighted the need for "build-and-sell" over a
The recent call by the prime minister for the "build-and-sell" policy in
the housing industry is long overdue. However, the housing and local
government minister seems less than convinced.
Pay 10% of housing cost as deposit, proposes group
28/05/2004 The Star By Jonathan Chew
Kuala Lumpur: The National House Buyers Association (HBA) has proposed a
variant to the 'build-and-sell' concept, where buyers will pay 10% of the
housing cost as a deposit for development of the project.
Implement 'build then sell' concept, says association
28/05/2004 The Sun By Arion Yeow and S.Santa
Kuala Lumpur: The National House Buyers Association (HBA) voiced support
yesterday for Prime Minister Datuk Seri Abdullah Ahmad Badawi's suggestion
to implement the 'build then sell' concept.
Why `build-and-sell' a better housing plan
KUALA LUMPUR, Thurs. - Cases of buyers being left stranded due to housing
projects being abandoned by developers will be a thing of the past if the
"build-and-sell" scheme is adopted by the Government.
Solid reasons for ‘build-and-sell’ concept
By ANDREW WAN
THE comments by Yin Ee Kiong of Ipoh and A.R.O. of Kuala Lumpur (NST, May
26) reflect the views of thousands of unhappy housebuyers who have been
cheated by dishonest and errant developers.
A great idea - but not now
29/05/2004 NST By G. Umakanthan
Developers believe that building and then selling housing units will one
day become a norm in Malaysia - but not until several key factors that can
affect sustainable economic growth and the national objective of home
ownership are ironed out.
Build and sell or sell and build?
Concerned about the plight of house buyers in abandoned housing schemes
Prime Minister Datuk Seri Abdullah Ahmad Badawi has indicated that
developers may no longer be allowed to sell houses before they are built.
Matter of time before concept
01/06/2004 The Star By V.K. CHIN
THE build-and-sell concept is actually the most suitable method for
the public to buy houses. It gives those interested the chance to
look first at what they are paying for before committing themselves.
Demand means there are buyers
Dr A. SOORIAN,
I REFER to the quote by Real Estate and Housing Developers’ Association
president Datuk Jeffrey Ng Tiong Lip: "The country needs between 100,000
and 150,000 new houses per annum.
Tighter rules for housing industry
Dr Goh Ban Lee
"BUILD then sell", said Prime Minister Datuk Seri Abdullah Ahmad Badawi.
Minister of Housing and Local Government Datuk Seri Ong Ka Ting expressed
support, but urged caution in its implementation.
excuse for housing developers not to sell completed houses
PETALING JAYA June 1 - Deputy Minister in the Prime Minister's Department,
Datuk M Kayveas, has taken to task housing developers for not heeding the
Prime Minister's call for them to sell completed houses.
Sarawak Says No To Build First, Sell Later Concept
KUCHING, June 2 (Bernama) -- The "build first, sell later" concept cannot
be implemented in Sarawak as this needs huge capital which is beyond the
reach of many housing developers in the state, said Datuk Michael Manyin
Premier boost for build-then-sell
WHAT are the chances of the build-then-sell (BTS)
method becoming law in the near future? I posed
this question to Bakhtiar, a lawyer cum developer
a day after Prime Minister Datuk Seri Abdullah
Ahmad Badawi voiced his intention of introducing
Supporting the ideal approach
The National House Buyers Association (HBA) lauds
Prime Minister Datuk Seri Abdullah Ahmad Badawi's
suggestion that developers should build-then-sell
and 'have funds in hand before embarking on
The merits and demerits of build-and-sell concept
07/06/2004 The Star S.C. Cheah
MANY developers must have jumped up when Prime Minister Datuk Seri
Abdullah Ahmad Badawi recently said that the Government would find the
best way to implement the build-and-sell concept.
Step in the right direction
I SUPPORT the House Buyers Association’s view point (NST June 5). Indeed,
the urgent need to address the perennial problem of abandoned housing
projects is long overdue.
K'jaan Perkenalkan Sistem Pastikan Kepentingan Pembeli Rumah Terjaga
KUALA LUMPUR, 12 Ogos (Bernama) -- Kerajaan akan memperkenalkan satu
sistem untuk memastikan permintaan untuk rumah masih lagi boleh dipenuhi
dan kepentingan para pembeli rumah terjaga, kata Menteri Perumahan dan
Kerajaan Tempatan Datuk Seri Ong Ka Ting.
Rehda: 'Build and sell' needs closer look
13/08/2004 theedgedaily.com By Reese Loh
The implications of the 'build and sell' concept on the housing and
property industry and the economy need careful consideration by the
government before its implementation, said Real Estate and Housing
Developers’ Association (Rehda) deputy president Ng Seing Liong.
Ka Ting: Ministry will not compromise
13/08/2004 The Sun By Liew-Ann Phang
Kuala Lumpur: The Local Government and Housing Ministry will not
compromise with developers in terms of withdrawal of monies from
accounts and delivery of products.
Build & sell concept the only solution?
14/08/2004 RATING AGENCY MALAYSIA BHD
MANY prospective home-buyers and perhaps even developers, would laud this
concept mooted by our Prime Minister. The proposal is aimed at protecting
homebuyers' interests while promoting more efficient use of resources.
How to protect the house buyer
24/08/2004 theedgedaily.com P Gunasegaram
With all the talk about the build-and-sell concept as a means of
protecting house buyers, over 50,000 of whom have bought units in
abandoned projects since 1997, it's time to revive a proposal we made in
these columns some one and a half years ago.
Developer Supports Abdullah's Build-And-Sell Call
KOTA BAHARU, Aug 30 (Bernama) -- The call made by Prime Minister Datuk
Seri Abdullah Ahmad Badawi to housing developers to build the properties
first and then sell, should be made the model concept to convince house
buyers in the future.
Jangan tangguh laksana konsep bina dan jual
Oleh Rakyat Kecewa, Kajang, Selangor.
MASALAH projek perumahan terbengkalai sebenarnya tidak akan selesai
selagi konsep bina dan jual yang diarahkan oleh Perdana Menteri kita
Formula Baru Beli Rumah Boleh Ditimbangkan, Kata Abdullah
BANGI, 30 Ogos (Bernama) -- Perdana Menteri Datuk Seri Abdullah Ahmad
Badawi menyifatkan syor supaya diperkenalkan formula 10:90 dalam urusan
pembelian rumah sebagai sesuatu yang boleh diberikan pertimbangan.
Menurut formula Agensi Penarafan Malaysia (RAM) itu, pembeli rumah akan
membayar wang pendahuluan
Melaka rintis konsep 'bina dulu, jual kemudian'
PUTRAJAYA - Projek perumahan di Klebang, Melaka dipilih sebagai lokasi
perintis Syarikat Perumahan Negara Berhad (SPNB) bagi melaksanakan konsep
'billa dahulu, jual kemudian'.
Build-and-sell system: The pros and cons
01/09/2004 The Star
Starbiz: There are also merit of the system. Are there
any proponents for the build-and-sell system?
Kasi: It is a good suggestion but we have to examine the idea carefully to
see how it can work to improve the current situation. I prefer to allow
both models to co-exist for a while.
SPNB sokong pemaju hanya dibenar jual rumah siap
PUTRAJAYA: Syarikat Perumahan Negara Berhad (SPNB) menyokong saranan pihak
tertentu supaya pemaju perumahan hanya dibenar menjual rumah yang sudah
siap dibina kepada pembeli.
Housing business in want of formula
08/09/2004 Comment By V.K. Chin
IT should be quite clear by now that the Government is determined to
protect house buyers who are victims of abandoned projects and suffer huge
Nature of the game
11/09/2004 NST-PROP By Andrew Wong
There's a well-thumbed foot-high stack of papers sitting on my table
made up of what could well be every report made on the proposed
introduction of the build-then-sell method of housing delivery.
A skip and a hope away
By Andrew Wong
THE voices of hope are getting louder and it appears to be a matter of
"when" rather than "if" a build-then-sell method of housing delivery will
be implemented and made part of the development industry's selling
Syor jual rumah selepas sijil kelayakan dikeluarkan
Oleh Pembeli Waras, Kuala Lumpur.
SEPERTI yang dilaporkan dalam Utusan Malaysia 6 September 2004, rumah
yang dibeli atas konsep bina dahulu jual kemudian yang dicadangkan oleh
Syarikat Perumahan Negara Berhad (SPNB) akan juga menjejaskan pembeli
jika projek itu terbengkalai.
Konsep bina dan jual beri kepuasan
SHAH ALAM 23 Sept: - Syarikat Worldwide Holdings Berhad (Worldwide)
yakin penjualan rumah melalui konsep bina dan jual dapat memberi
kepuasan sebenar kepada pembeli.
Need For Paradigm Shift To Realise
Build & Sell Concept
29/09/2004 By Yong Soo Heong
KUALA LUMPUR, Sept 29 (Bernama) -- Tan Sri Lee Kim Yew, one of
Malaysia's successful property developers, says that Prime Minister
Datuk Seri Abdullah Ahmad Badawi's proposal of building houses first and
selling them later will be viable only if there is a paradigm shift among
housing industry players, especially financial institutions.
JGC answers Government’s call for ‘build first, sell later’ concept
19/11/2004 The Star BY ZIEMAN
BUMIPUTRA developer Jejakgaya Corp Sdn Bhd (JGC) has come out with a
scheme that is aligned to the Government's vision of “build first, sell
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