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Build
then Sell (BTS)
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'Build-then-sell' concept serves SHL well
02/02/2005 www. theedge.daily Investing Ideas: By Nadia S
Hassan
Integrated developer SHL Consolidated Bhd's "build-then sell" concept and
strong track record are just some of the reasons analysts are favouring
this small-cap property stock. "
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Napic: Gauge demand first
0/04/2005 The Sun By Laura Lee
Kuala Lumpur: An in-depth study on the impact of the much-advocated build-and-sell
concept on the local property development industry is needed before any
decision can be made.
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Sabah housing developers against build first concept
25/05/2004 Daily Express
Kota Kinabalu: The Sabah Housing and Real Estate Developers Association
(Shareda) is against the build first, sell later proposal by the Federal
Government for fear developers in Sabah will come into hardship.
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Siap bina dulu baru jual
03/06/2005 Kosmo
KUALA LUMPUR - Berikutan banyak kes rumah terbengkalai, Pusat Khidmat Aduan
Pengguna Nasional (NCCC) mendesak kerajaan mengamalkan segera konsep bina
dan jual agar pembeli rumah tidak teraniaya. Menurut Pengurus Aduan dan
Penyiasatan NCCC, Darshan Singh, konsep itu telah lama diamalkan di beberapa
negara luar termasuk Jepun demi melindungi hak pembeli.
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Responsibility lies with developers
01/07/2005 The Star By Chang Kim Loong, Secretary -General, National
House Buyers Association, Kuala Lumpur. WE READ your report, "RM3b
to revive projects", (The Star, June 26), with mixed feelings.
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Build-then-sell: Are we ready?
03/08/2004 www. theedge.daily My Space: By Au Foong Yee
Developers can hardly be considered an easily excitable lot. But if there
is a topic that's sure to get them agitated, it must be the proposal that
they first build homes before putting them on the market.
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PAC to meet Bank Negara officials
16/08/2005 The Star
JOHOR BARU: The Public Accounts Committee (PAC) will meet officials from
Bank Negara and the Housing and Local Government Ministry to find out problems
faced by the banking sector.
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Implement "Build and Sell" Concept Immediately, Developers
Told
30/08/2005 Bernama
KUALA LUMPUR, Aug 30 (Bernama) -- Housing developers should immediately
implement the "build and sell" concept as encouraged by the government to
protect housebuyers from being victimised.
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Build and sell: PAC unhappy with response
31/08/2005 The Sun
KUALA LUMPUR: It has been 15 months since the prime minister mooted the
build-and-sell model for the housing industry. On Tuesday, Parliament's
Public Accounts Committee (PAC) gave its report card on this, and there
were red marks all over.
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Konsep 'bina jual'
31/08/2005 BH
KUALA LUMPUR Semua pihak perlu segera melaksanakan konsep 'bina dan jual'
rumah yang disarankan kerajaan sejak setahun lalu bagi melindungi hak pembeli,
kata Pengerusi Jawatankuasa Kira-Kira Wang Awam (PAC), Datuk Shahrir Abdul
Samad.
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Bank setuju konsep bina dahulu
31/08/2005 Kosmo
KUALA LUMPUR - Bank-bank komersial telah menyatakan persetujuan agar pinjaman
perumahan dilaksanakan mengikut konsep bina rumah terlebih dahulu sebelum
menjualnya kepada orang ramai.
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Build-and-sell system: The pros and cons
01/09/2005 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.
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Konsep 10:90
01/09/2005 BH
KUALA LUMPUR Semua pihak perlu segera melaksanakan konsep 'bina dan jual'
rumah yang disarankan kerajaan sejak setahun lalu bagi melindungi hak pembeli,
kata Pengerusi Jawatankuasa Kira-Kira Wang Awam (PAC), Datuk Shahrir Abdul
Samad.
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Cabinet decide on 'build and sell'
01/09/2005 The Sun
PUTRAJAYA: The decision on whether the housing industry could shift to the
build-and-sell concept could only be taken by the cabinet and not the Housing
and Local Government Ministry.
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10:90 ratio proposed for housing units
04/09/2005 The Star
KUALA LUMPUR: The National House Buyers Association (HBA) proposed that
a 10:90 ratio be used if developers adopt the build-first-pay-later concept
on residential units.
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HBA syor kaedah baru beli rumah
04/09/2005 Berita Minggu
KUALA LUMPUR: Persatuan Pembeli Rumah (HBA) menggesa kerajaan memansuhkan
konsep pembelian rumah beli dan siap seperti yang wujud sekarang dan menggantikannya
kepada konsep 10:90 iaitu pembeli membayar pendahuluan 10 peratus dan 90
peratus lagi selepas rumah siap.
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Cadangan jual rumah siap
04/09/2005 Harian Metro
KUALA LUMPUR: Persatuan Pembeli Rumah Kebangsaan (HBA)) mencadangkan kerajaan
melaksanakan sistem 'Bina dan Jual 10:90' bagi mengatasi masalah pembeli
ditipu pemaju hingga menyebabkan projek perumahan terbengkalai.
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Compromise payment plan
05/09/2005 NST
KUALA LUMPUR. Sun.- Fed up with shoddy treatment by housing developers,
house buyers have come up with a proposed payment system dubbed the "10-90"
model. Under it, developers can lock in buyers by requiring them to pay
a 10 per cent down payment on signing the sale and purchase agreement.
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House buyers propose compromise payment plan
05/09/2005 MM
KUALA LUMPUR. Sun.- Fed up with shoddy treatment by housing developers,
house buyers have come up with a proposed payment system dubbed the "10-90"
model. Under it, developers will be able to lock in buyers by requiring
them to pay a 10 per cent down payment on signing the sale and purchase
agreement.
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Insurance cover for abandoned projects
06/09/2005 The Sun
THE Real Estate and Housing Developers Association of Malaysia (Rehda) has
proposed an insurance schema for developers, to cover the risk of their
inability to complete projects. Association president Datuk Jeffrey Ng Tiong
Lip said, last Friday that the insurance scheme would also protect house
buyers.
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A 10-90 system will be fair to house buyers and developers
21/09/2005 The Star BRIG-GEN (R) DATUK GOH SENG TOH, Vice-President,
National House Buyers Association, Kuala Lumpur.
I REFER to the recent media reports on the build-then-sell concept for the
housing industry. I notice that the various discussions seem to stress that
the concept will prevent projects from being abandoned.
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Government to study 10:90 concept
21/09/2005 The Star
PETALING JAYA: The proposal for housing developers to “build first, sell
later” will be forwarded to the Cabinet soon.
Housing and Local Government Minister Datuk Seri Ong Ka Ting said developers
have been resisting the concept but housebuyers were all for it. “The Government
has to look into this.
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Konsep bina dan jual naikkan harga rumah
24/09/2005 Utusan
KUALA LUMPUR 23 Sept. - Harga rumah dijangka naik antara 30 dan 50 peratus
manakala bekalan rumah akan menurun 60 peratus jika kerajaan membuat keputusan
untuk menjadikan konsep bina dan jual sebagai mandatori, kata Presiden Persatuan
Pemaju Hartanah dan Perumahan (REHDA), Datuk Jeffery Ng hari ini.
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Konsep bina dan jual atasi perumahan terbengkalai diteliti
24/09/2005 Utusan
KUALA LUMPUR 23 Sept. - Kerajaan akan meneliti pandangan semua pihak mengenai
konsep bina dan jual untuk sektor perumahan sama ada patut dilaksanakan
di negara ini atau sebaliknya sebagai langkah berkesan mengatasi masalah
projek terbengkalai.
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Ministry wants written, firm opinion on concept
24/09/2005 NST
THE Housing and Local Government Ministry wants the various industry players
to give a written and firm opinion on the proposed build-then-sell concept.
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Ong: Cabinet wants written feedback
24/09/2005 The Malay Mail
KUALA LUMPUR, Sept 23 (Bernama) -The Housing and Local Government Minister
Datuk Seri Ong Ka Ting want all parties involved in the housing development
industry to give the ministry their "firm opinion" on the Build and Sale
Concept.
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Build-and-sell pledges sought
24/09/2005 The Star
KUALA LUMPUR: The Government wants the various sectors involved in the housing
industry to state what they are willing to commit to, should the “build
first, sell later” concept of housing development be implemented
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Don't make build-then-sell system compulsory: Rehda
24/09/2005 NST
THE Real Estate and Housing Developers' Association Malaysia (Rehda) said
while it is not against the proposed build-then-sell system, it hopes the
Government will not make the concept compulsory.
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To sell-and-build or build-and-sell?
25/09/2005 The Star
WHEN Malaysia should adopt the “build-then-sell” (BTS) concept seems to
be a hot issue these days among housing industry players, especially after
Prime Minister Datuk Seri Abdullah Ahmad Badawi said in 2004 that we should
look into the feasibility of adopting it.
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Building on quality
25/09/2005 NSUNT EDITORIAL
RAPID development can whizz past important details — until, of course, things
start to slow down. That has happened with the housing industry, where decelerating
growth has brought into focus exactly how much of the fizzled-out building
boom of the 1990s had been bought at the buyer’s expense (if not peril).
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Interest of housebuyers must be firmly protected
28/09/2005 The Star By Datuk Seri Yuen Yuet Leng, Ampang
LIKE any other competitive economy and industry, developers must look for
new ways and methods to maintain the housing industry and provide equitable
housing for the people.
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Build-and-sell proposal poses too many hazards to succeed
28/09/2005 The Star By Richard Teo, Kota Baru
IF the proposed build-and-sell housing concept is adopted, it will have
serious repercussions on the building industry. I would categorically say
that the build-and-sell concept, based on the Australian model of 10/90,
would be a failure if introduced here.
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Builders have to adjust to meet public expectations
28/09/2005 The Star Comment By V.K. CHIN
THE very mention of the build-and-sell concept is enough to send a shiver
down the spine of the property sector. This is a policy quite alien to the
local industry, which has been allowed to sell units before starting construction.
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Should we adopt a 'Build-and-Sell Homes' plan: Yes, it will
be good for buyers
29/09/2005 NST By YIN EE KIONG, Penang
I REFER to the report "Don’t make build-then-sell system compulsory: Rehda"
(Business Times, Sept 24) and your editorial (New Sunday Times, Sept 25).
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'Build-then-sell can exist side by side with sell-then-build'
29/09/2005 The Sun By Jennifer Gomez and Diana Chin
KUALA LUMPUR: When addressing the 1,300-strong crowd at the International
Real Estate Federation (Fiabci) Malaysia Property Awards 2005 gala dinner
on Tuesday, Fiabci Malaysian Chapter president Datuk Teo Chiang Kok took
the opportunity to offer his thoughts on the build-then-sell issue.
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Housebuyers have been taken for a ride for too long
30/9/2005 The Star By NORMAN FRIS, Penang.
T IS long overdue for developers to follow the “build-then-sell” concept.
For too long, housebuyers have been cheated and taken for a ride. The following
are some observations:
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Proposal won’t hurt developers much
30/09/2005 The Star By TIRED CONSUMER, Rawang.
I refer to Richard Teo’s letter, “Build-and-sell proposal poses too many
hazards to succeed,” (The Star, Sept 28). He said such a concept is not
workable in Malaysia because of state policies (mandatory 30% low-cost and
bumiputra allocation), and bureaucratic and inefficient mechanisms.
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Government moves on build-then-sell
01/10/2005 NST-Prop By Christopher Fernandez
The Government wants the various sectors within the housing industry to
state whether they are willing to commit to the “build first, sell later”
concept of housing delivery before it makes a decision on the matter.
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Rehda explains why developers are saying `no'
01/10/2005 NST
The Government’s move to consider adopting the build-then-sell concept of
housing delivery, a model the National House Buyers Association argues has
been successfully adopted in several countries, notably Australia, has met
with strong opposition from the Real Estate and Housing Developers’ Association
(Rehda).
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Alternatives to a build-and-sell concept
05/10/2005 www. theedge.daily Question Time: By P Gunasegaram
One thing is certain. Right now, the buyer of a house from a plan takes
all the risk which includes the real risk that the developer will not complete
the house as contracted.
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Tread carefully on 'build-then-sell'
05/10/2005 www. theedge.daily My Space: By Au Foong Yee
Politicians, the Malaysian property and related trade and professional bodies,
investors and prospective buyers continue to debate the virtues of the build-then-sell
way to market homes as opposed to the sell-then-build concept we have grown
up with as this issue is going to print.
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Bid to further protect buyers
10/10/2005 NST By Datuk Seri Yuen Yuet Leng, Ampang
THE National House Buyers Association (HBA) has been pushing for a pragmatic
review of the outdated "Sell and then Build" (SB) system and its replacement
with the "10/90 Build and then Sell" concept that Housing and Local Government
Minister Datuk Seri Ong Kah Ting, had identified in Australia not just as
a concept but very importantly, an applied operating system.
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Elective choice
10/10/2005 NST By DATUK Francis Lee, Ipoh
THERE has been much discussion on the adoption of the "Build then Sell"
concept, or the 10/90 variant, to resolve the woes confronting a small percentage
of housebuyers. In the course of this debate, due appreciation has not been
accorded to the minister and the Ministry of Housing and Local Government
for tightening the law governing housing development in December 2002, which
was primarily focused to further protect the interest of buyers.
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Sell and build vs build and sell: The debate continues
10/10/2005 The Star S.C. Cheah
THE 1,300 guests attending the FIABCI Malaysian Chapter gala dinner at the
Mandarin Oriental Hotel in Kuala Lumpur recently couldn't help but notice
the gold coloured souvenir programme featuring half the wing of a butterfly.
On the cover were the words: Malaysia Property Award 2005.
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Brigadier-General (R) Datuk Goh Seng Toh, Vice-President, National House
Buyers Association
I REFER to the recent media reports on the "build-then-sell" concept for
the housing industry. I notice that the discussions stress that the "build-then-sell"
concept will prevent projects from being abandoned.
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Staying clear of rogue developers
22/10/2205 NST-Prop Suzie Low, Kuala Lumpur
It comes as no surprise to the house buying public that rogue builders have
been flourishing for decades. However, the revelation by the Housing and
Local Government Ministry's Monitoring and Enforcement Division director
Dr G. Parameswaran is probably the first time in history that actual numbers
have been provided.
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Buyers, builders and the 2006 Budget
22/10/2005 NST By Dato Seri Yuen Yuet Leng, Ampang, Ampang, Selangor
The Government has worn its heart on its sleeve with the 2006 Budget, reassuring
the public on its direction towards people orientated governance and perspective
in corporate economic progress.
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Konsep jual beli rumah untungkan pemaju
27/10/2005 BH
MUNGKIN ramai yang pernah membangkitkan isu ini, tetapi sampat sekarang
belum ada jalan, penyelesaian. Isunya pengguna beli rumah yang belum lagi
wujud, sebaliknya hanya ada dalam lakaran. Keadaan ini sudah lama berlaku,
malah sejak dulu lagi pembeli terpaksa bayar harga rumah yang belum boleh
diduduki.
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Laws alone are not enough
29/10/2005 NST YlN EE KlONG, Batu Ferringhi, Penang
There's nothing new in the issues raised by the National House Buyers Association
(HBA) in Property Times last week ("Pillory the rogues", Oct 22, 2005).
This debate has been going on for 40 years and each time a housing scandal
arises, new legislations are put in place to police the industry.
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Housing heartaches
29/10/2005 NST By Salleh Buang
In May 2004, Prime Minister Datuk Seri Abdullah Ahmad Badawi was quoted
by the local media as saying, "I think it is not right to pay money first,
before you get your house if they (developers) don't get to sell all their
houses, the money won't be enough for them to build. What will happen to
those who have paid up?"
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Rehda calls for win-win approach
30/09/2005 The Sun
THE build-then-sell method should not be made mandatory, but could coexist
with the present sell-then-build method, says Datuk Jeffrey Ng, president
of the Real Estate & Housing Developers' Association (Rehda) Malaysia.
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Houses built under new concept to cost more
31/10/2005 The Star
MIRI: Prices of new houses could surge by 30% under the build-and-sell concept,
said Sarawak Housing Developers Association. Developers would have no choice
but to increase the price due to additional overhead costs of 20% to 30%,
said association chairman William Wei.
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Protecting house buyers
07/11/2005 The Star By Yap Lim Sen
THE housing debate with its calls for “sell then build” (STB), “build then
sell” (BTS) and “10:90” has become muddled. The House Buyers Association
(HBA) says that only BTS, or failing that, 10:90, can protect house buyers.
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'Build and sell' idea in memorandum stage
17/11/2005 NST
HOUSE BUYERS are another step closer to buying homes under the "build and
sell" concept. A memorandum is currently being prepared by the Housing and
Local Government Ministry for the Cabinet’s consideration.
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Buyers' welfare
22/11/2005 NST DATUK SERI YUEN YUET LENG Ampang
It is comforting that the Housing and Local Government Ministry is finalizing
its memorandum to the Cabinet for a decision on the build- and-sell, sell-and-build
and any other schemes to finance a house
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Strike equitable balance
22/11/2005 NST V.T. Sungai Buloh
VIEWS have been aired on proposals to change the house-purchase policy from
the sell-and-build system to a build-and-sell system. When building a house
on one’s own land, one pays the building contractor a down-payment plus
progress payments. This is the basis of the sell-and-build system long followed
in this country.
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The DEBATE is still raging whether we should
"Pay then build" or "Build first then pay" for property development . Like
many other property buyers, I too suffered when the developer of 478 units
of industrial factories in Subang Mewah at Subang Jaya left the project
unfinished right after the economic downturn in 1997.
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