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Build then Sell (BTS)
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Enforcement remains the key
03/01/2007 NST By Brig-Gen (R) Datuk Goh Seng Toh
THE National House Buyers Association (HBA) lauds Minister of Housing and
Local Government Datuk Seri Ong Ka Ting for boldly putting in place amendments
to housing legislation, reported in "Three Bills a boon for home buyers"
(NST, Dec 25).
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Housing official asks for more incentives for build and sell
concept
20/01/2007 biz.thestar.com.my
KAJANG: More incentives should be given to property developers who are willing
to take up the build and sell concept. House Buyers Association advisor
Datuk Seri Yuen Yuet Leng said although the existing incentives were encouraging,
the Government should also consider throwing in more incentives to attract
more developers to start practising the concept.
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Developers need more incentives to take up buy 'n' sell concept
20/01/2007 The Star By Elizabeth Looi
KAJANG: More incentives should be given to property developers who are willing
to take up the build and sell concept. House Buyers Association advisor
Datuk Seri Yuen Yuet Leng said although the existing incentives were encouraging,
the Government should also consider throwing in more incentives to attract
more developers to start practising the concept.
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Pemaju digalak guna konsep BKJ
30/01/2007 Berita Harian
SERI KEMBANGAN: Kerajaan Negeri Selangor meminta syarikat pemaju perumahan
yang besar di negeri itu menggunakan konsep ‘Bina Kemudian Jual’ (BKJ),
untuk projek perumahan mereka di negeri itu pada masa depan.
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Payment after completion
02/02/2007 The Star By CHARLES FERNANDEZ
HTH Development Sdn Bhd (HTHDSB) adopted the build-then-sell (BTS) or 10:90
concept, for the Taman Langat Ceria project. Under the concept, buyer
only pays 10% of the price upon execution of the Sales and Purchase, with
the balance to be settled only after completion of the building.
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States agree on way to speed up projects
24/03/2007 The Star
PUTRAJAYA: State governments have given their “ayes” to a new method of
speeding up land development, including for high-impact projects and homes
built under the “build then sell” concept. Deputy Prime Minister Datuk Seri
Najib Tun Razak said the consensus was reached at the National Local Governments
Council meeting here yesterday.
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Building Approvals To Be Within Six Months, From Two Years
13/04/2007 Bernama
KUALA LUMPUR, April 13 (Bernama) -- The Ministry of Housing and Local Government
will introduce four approaches to improve the public delivery system for
the property sector.
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"One-Stop-Centre" Thrust For Improvement In Public Delivery
System
13/04/2007 Bernama
PETALING JAYA, April 13 (Bernama) -- The "one-stop-centre" concept practised
by some local authorities (PBTs) formed the main thrust of improvements
that will be made in the public delivery system at the PBT level.
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SunSuria Hopes For Flexibility On Build & Sell Concept
13/04/2007 Bernama
KUALA LUMPUR, April 13 (Bernama) -- SunSuria Group, a property-based company,
hopes the government will continue giving flexibility with regard to the
build and sell concept.
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Bankers hail property measures
14/04/2007 The Star By Yeow Pooi Ling
PETALING JAYA: Banking industry players welcomed the latest Government initiatives
to improve the public delivery system for the property sector.
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BUSTING RED TAPE: Abdullah outlines perks for property sector
14/04/2007 NST By Eileen Ng and Nisha Sabanayagam
PETALING JAYA: The time taken to approve construction projects will be slashed
from five years to six months in an incentive package unveiled by Prime
Minister Datuk Seri Abdullah Ahmad Badawi yesterday to boost investments.
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Fast-tracking approval
14/04/2007 The Star
A NEW One Stop Centre (OSC) has been set up to ensure that development projects
are given fast-lane approval within four months. Its setting up by the Housing
and Local Government Ministry is in line with the call for improvements
in the Government’s delivery system.
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Build then sell
14/04/2007 The Star
THE Build Then Sell (BTS) concept is a new concept introduced by the government
where housing developers have to complete a housing project completely before
selling it to buyers.
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Bold changes
14/04/2007 The Star
IN LINE with Prime Minister Datuk Seri Abdullah Ahmad Badawi’s determination
to improve the efficiency of the country’s public delivery system, bold
changes have been made to revamp the local property sector.
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Big takeoff of build-sell idea may take time
14/04/2007 The Star By Kathy Fong
PETALING JAYA: A large-scale adoption of the build-and-then-sell (BTS) concept
is not likely, at least in the near term, because property developers would
have to have deep pockets to do implement it, investment analysts say.
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Bold ideas to spur investment
14/04/2007 The Star By Shahanaaz Habib and Ng
Cheng Yee
PETALING JAYA: The far-reaching initiatives announced by the Government
are to innovate the property sector and to cut bureaucracy in the industry,
said Prime Minister Datuk Seri Abdullah Ahmad Badawi.
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Ong: BTS concept will help developers cut costs
14/04/2007 The Star
PETALING JAYA: House prices will be more competitive with the Build-Then-Sell
(BTS) concept as it helps developers to cut costs in the long run. Housing
and Local Government Minister Datuk Seri Ong Ka Ting said this was also
because developers who practise the concept would get fast land approval
from the newly-launched one-stop-centre.
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Win-win situation for developers, housebuyers
14/04/2007 www. btimes.com.my By Ooi Tee Ching
THE government’s move to improve the delivery system for the property sector
could lead to greater efficiency in property projects, higher quality homes
and faster completion, industry players said.
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Bina dan jual dilancar -- Konsep alternatif atasi projek
perumahan terbengkalai – PM
14/04/2007 Utusan Malaysia Oleh: Saifulizam Mohamad dan Yukipsman Asli
PETALING JAYA 13 April – Datuk Seri Abdullah Ahmad Badawi hari ini melancarkan
konsep bina dan jual dalam usaha mengatasi masalah projek perumahan terbengkalai
yang selama ini menimbulkan kesusahan kepada sebilangan rakyat negara ini.
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Build-Then-Sell concept will not affect supply
15/04/2007 The Sunday Star
PETALING JAYA: The Government has assured the people that there will be
enough low-cost houses. Housing and Local Government Minister Datuk Seri
Ong Ka Ting said the new Build-Then-Sell (BTS) concept would not affect
the supply of low-cost houses.
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Adil kepada pemaju, pembeli
15/04/2007 Mingguan Malaysia
KELMARIN, Perdana Menteri Datuk Seri Abdullah Ahmad Badawi melancarkan empat
inisiatif penambah baik mutu sistem penyampaian perkhidmatan kerajaan khususnya
berhubung peranan pihak berkuasa tempatan (PBT) dalam melancarkan urusan
berkaitan pelaksanaan sesuatu projek pembangunan.
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Parallel system to create balance
15/04/2007 Sunday Times Sunday Interview:
A day after Prime Minister Datuk Seri Abdullah Ahmad Badawi unveils a package
of incentives to boost property investment, Housing and Local Government
Minister Datuk Seri Ong Ka Ting speaks to NISHA SABANAYAGAM about the impact
of some of the initiatives on all stakeholders, from the housing industry
to buyers.
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Inspectorate To Monitor Housing Delivery System
24/04/2007 Bernama
PETALING JAYA, April 24 (Bernama) -- The Housing and Local Government Ministry
is setting up an inspectorate unit to monitor the implementation of the
improvements to the government's delivery system in the housing sector."
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Ong: Let’s deliver on housing
25/04/2007 The Star
KUALA LUMPUR: All related parties should work together to make the Government-announced
initiatives, aimed at cutting bureaucracy and improving the property sector,
a successful one. “Without any of the players in the team, the housing delivery
system will not be successful.
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Consumer Can Expect Lower Housing Prices Under BTS Concept
11/05/2007 Bernama
KUALA LUMPUR, May 11 (Bernama) -- Consumers can expect lower housing prices
under the proposed 10:90 Built-Then-Sell (BTS) concept, supported by government's
incentives and shorter time for development approvals, according to the
Institution of Surveyors Malaysia (ISM).A paper presented today by the ISM's
BTS committee said the government provided incentives to developers utilising
the BTS system by exempting them from paying the RM200,000 deposit fee for
developer's licence.
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Government To Monitor Build-Then-Sell System
11/05/2007 Bernama
KUALA LUMPUR, May 11 (Bernama) -- The government has decided to give the
"build-then-sell" system a two-year trial from next month to gauge the reaction
from the housing industry. Housing and Local Government Minister Datuk Seri
Ong Ka Ting said today the system would be monitored during this period
to ensure its relevancy to the industry.
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Bank loans for 10:90 concept likely on case-by-case basis
12/05/2007 The Star
KUALA LUMPUR: Financial institutions are likely to provide project financing
to developers for the 10:90 build-then-sell concept on a case-by-case basis,
Affin Bank Bhd director (enterprise banking) Zulkiflee Abbas Abdul Hamid
said.
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On a short leash
12/05/2007 NST By Andrew Wong
DESPITE what my friends at the National House Buyers Association might like
to hear, I'm still not completely warm to the notion that the Build-Then-Sell
way of delivering houses on a mass-scale is the way to go. But I'm getting
there. Slowly, the icy stubbornness is melting, thawed by greater empathy
... and by stories such as the one recently published in the Asia Property
Report. In an article titled "Off plan purchasing: To be, rather than to
seem", its author Nick Anthony let rip some rapier-sharp cliches: Sometimes,
the "pen is mightier than the hammer", he wrote, alluding to the fact that
there are builders who will do anything to get us to sign on the dotted
line for homes they haven't built yet, but who don't have the same strength
to actually start or complete building their promises.
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Build-then-sell concept to benefit all
26/06/2007 The Star
THE Build Then Sell (BTS) concept is a new concept introduced by the Government
where housing developers have to complete a housing project before selling
houses to buyers.
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SHL
banks on build and sell with success
30/06/2007 The Star By Tee Lin Say
To build and then sell can surely mean only one thing. You need to have
cash. For township specialist SHL Consolidated Bhd, this concept is nothing
new but a practice it has employed since inception.
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Smokescreens and detractions
11/08/2007 NST
FROM time to time, we've read of rather bizarre reactions by developers
to changes in certain government policies. One of them is the move to allow
the 10:90 variant of the Build-Then-Sell (BTS) system of housing delivery
to run alongside the conventional practice of selling, then building (STB)
houses.
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Ready-made homes going for a song
12/09/2007 The Star By CHARLES FERNANDEZ
THE developer of D’Tropica Taman Kristal 2 in Dengkil is offering a a 10%
discount to the first 33 buyers of its build-then-sell (BTS) double-storey
houses.
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No takers for build-and-sell concept houses in Johor
17/09/2007 The Star By MEERA VIJAYAN
JOHOR BARU: There have been no takers for the Build and Sell concept in
Johor since its launch earlier this year. Local Government and Health Committee
chairman Datuk Halimah Sadique told the state assembly Monday that not a
single developer had come forward to submit applications under that concept
from the time it was launched on April 12.
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