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Build then Sell (BTS) Page 05
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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 20/04/2005 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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