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Build then Sell (BTS)
Page 07
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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
NST 12/05/2007By 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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