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Build then Sell (BTS)
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Pemaju konsep bina jual rumah
diberi insentif
21/01/2008 Berita Harian Oleh Rosli Abdul Jalil
KUANTAN: Kerajaan Pahang memberi insentif bagi menarik lebih banyak pemaju
di negeri ini melaksanakan konsep `bina dan jual' bagi projek perumahan
baru.
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The 10:90
trial goes on
25/03/08 NST-PROP By Zuhaila Sedek
House buyers anxious to know the fate of the 10:90 variant of the
Build-Then-Sell (BTS) system will have to hold their breaths for a bit
longer.
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Pendekatan konsep ‘bina dan
jual’ lebih adil
06/04/2008 Berita Harian
GABUNGAN Persekutuan Pengguna Malaysia (Fomca) tetap dengan pendirian
mereka mahu kerajaan meminda Akta Pemaju Perumahan dengan mewajibkan semua
pemaju melaksanakan konsep ‘bina dan jual’ bagi menangani masalah projek
terbengkalai yang mendatangkan masalah kepada pembeli selama ini.
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‘Build
first, sell later’ developers to get perks
22/05/2008 The Star
DEVELOPERS who wish to take up the “build first, sell later” concept will
enjoy certain incentives from the Government, said Housing and Local
Government Minister Datuk Seri Ong Ka Chuan. He said these developers might
be exempted from having to pay deposit for their projects when applying for
licences.
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Is it time for BTS?
12/07/2008 NST By Andrew Wong
IF advocates of the Build-Then-Sell, or BTS, movement ever need another
reason to push their method of housing delivery into the mainstream, they
only have to look at what's happening in this current cost-push environment.
At the rate building material and transport costs are rising, I daresay many
developers who have long opposed them, preferring to embrace the
Sell-Then-Build or STB system instead as it permits them to collect money
upfront before completing their end of the bargain, are beginning to buckle.
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Timely move for `BTS 10:90 concept'
12/07/2008 NST
SELANGOR Menteri Besar Tan Sri Khalid Ibrahim's announcement that the state
will take the lead in adopting the Build-Then-Sell (BTS) concept for
delivery of houses is a timely piece of good news for house buyers. I
believe the BTS he was referring to is the variant of the Sell-Thenbuild (STB)
version the National House Buyers Association (HBA) termed as the "10:90
concept". It is a hybrid of the present Sell-Then-Build (progressive payment
mode) and the absolute BTS (sell only upon full completion of houses). House
buyers pay only a 10 per cent deposit upon signing the Sale and Purchase
Agreement and the remaining 90 per cent is payable upon completion of the
houses with electricity and water supply (ready for tapping) and Certificate
of Fitness for Occupation (CFO), or the new version Certificate of
Compliance and Completion (CCC), and possession with keys.
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Build-and-sell concept deferred,
says Ka Chuan
01/09/2008 The Star
SEREMBAN: The Government has deferred the build-and-sell concept, said
Housing and Local Government Minister Datuk Seri Ong Ka Chuan. “Developers
are finding it difficult to secure loans from banks for their projects
because banks feel the risks are greater,” he said.
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Build-and-sell concept not deferred
11/09/2008 The Star By Ng Cheng Yee
PETALING JAYA: The build-and-sell concept for houses is not deferred.
Despite earlier newspaper reports saying it had been deferred, Housing and
Local Government Minister Datuk Seri Ong Ka Chuan clarified the concept is
running parallel with the existing system.
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Build-and-sell concept delayed by
economic downturn
19/01/2009 The Star By Christina Tan
KLANG: The build-and-sell concept will not take off in full swing due the
current global economy meltdown, said Housing and Local Government Minister
Datuk Seri Ong Ka Chuan.
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Don't shelve 10:90
23/01/09 NST EDITOR'S LETTERS
We refer to news articles on Jan 20 quoting Minister of Housing and Local
Government Datuk Seri Ong Ka Chuan as saying the build-then-sell (BTS)
concept will not take off in full swing due to the global economic
meltdown. First, 10:90 is NOT a BTS system under which houses are
completely built and with full certifications before the developers sell
them. Under our 10:90 variant, developers can commit sales when all
approvals have been acquired, even before they start construction work.
Buyers pay 10 per cent upon signing the Sale and Purchase Agreement (SPA)
and make no further payment until the houses are fully completed when they
pay the remaining 90 per cent and complete the transaction.
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Adopt system to safeguard
housebuyers
28/02/2009 The Star
WE read with despair the report entitled “Buyers left in a lurch by
abandoned project” in StarMetro dated Feb 19. Many unwary and unfortunate
buyers are suffering such a fate with no one to turn to.
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HOUSING PROJECTS: Build-then-sell is the best way to go
13/03/2009 NST By : CHANG KIM LOONG for National Housebuyers Association,
Kuala Lumpur
I REFER to the letter on abandoned housing projects from S.K. ("Govt
should keep track of such projects" -- NST, March 10). The problem of
abandoned housing projects that leave a trail of havoc in their wake is
brought about by Malaysia's system of buying and selling houses, called
the sell-then-build (STB) system.In this system, buyers make progressive
payments as the developers build the houses. If all goes well, the buyers
eventually get their houses. But if the developers are unable to complete
the houses, the buyers are the first to suffer: no house to take over;
bank loans to service; and worse, no solution in sight.
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HOUSING PROJECTS: Ministry must take a clear stand
18/03/2009 NST By : S.K. , Kuala Lumpur
I REFER to Chang Kim Loong's advice to house buyers in his letters "Check
the fine print first" (NST, March 11) and "Build-then-sell is the best way
to go" (NST, March 13). I commend and thank Chang and his team at the
National House Buyers Association (HBA) for their efforts to not only
educate the public on property purchases but also to curb rampant losses in
the housing sector by spearheading the introduction of safeguards for
purchasers.
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HOUSE PURCHASE: Just scrap the old system altogether
24/03/2009 NST By : CHANG KIM LOONG for National House Buyers Association,
Kuala Lumpur
The disadvantages of the sell-then-build system are obvious to all. I
REFER to the letter "Ministry must take a clear stand," (NST, March 18)
from S.K. of Kuala Lumpur. I thank S.K. for the kind words in his letter.
It is sentiments like these that give our volunteers at the National House
Buyers' Association the strength and courage to keep going, despite all
odds. I wish to express our sympathy to S.K. for the predicament he is in.
The fact that there are hundreds of thousands of other house buyers
suffering the same fate is of no consolation to him at all. They are all
victims of a flawed system that had been allowed to operate for the past
few decades.
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House buyers, take note of differences in systems
08/04/2009 The Star
WE at the HBA view with interest some housing project advertisements in
the newspapers recently. They prominently state 10-90 as the mode of
payment and went on to say, “Pay 10% and no payment until vacant
possession.”
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