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Build-and-sell concept is
better
The Star 19/04/2006
THERE are several reasons why the build-and-sell concept should be adopted.
First, the implementation of the concept will ensure that only genuine
housing developers will be in the industry. Incapable ones will not dare
venture into it.
Second, the onus is on the developer to build houses that are liveable. In
the past, some houses had a lot of defects because of low quality materials
used and poor workmanship.
If a developer builds shoddy houses under the build-and-sell concept, nobody
will buy them, and he only has himself to blame.
Third, potential buyers can view the houses first and make a choice. If the
houses are not to their taste and liking, they will not buy them. Again, the
responsibility lies with the developer in ensuring that the houses are built
well.
Fourth, there will be few, if any, cases of abandoned houses. If the
developer does not have enough capital, he should not be in the business in
the first place.
Moreover, we can get rid of fly-by-night developers who have no intention of
completing their projects. And there will be no agony and anxiety suffered
by buyers when projects are abandoned.
Fifth, the reputation of a developer is on the line – he has to build good
houses, and he has to build them according to the specifications in his
brochure.
Sixth, the certificate of fitness is obtained and there is no need for
buyers to worry about it. No certificate, no purchase.
The Government should implement the build-and-sell concept without any
further delay.
S.H. Huang
blog.thestar.com.my |
