The government recently proposed new measures to tackle the issue of abandoned housing projects in the country. One proposal is to compel developers to implement the build-then-sell (BTS) concept in property development.

Housing prices in Malaysia, especially in the Klang Valley, have been surging in the past year or so, giving rise to concerns that there could be a property bubble.

Both the government and local housing industry have been looking at implementing the build-then-sell (BTS) concept as a means of solving the issue of abandoned projects, but the question is, is Malaysia ready for it?

KUALA LUMPUR: The Malaysian Developers’ Council (MDC) wants the government to expand the coverage of the newly launched My First Home Scheme.It proposed that the RM100,000 minimum housing price for eligibility under the scheme be lowered to benefit lower income homebuyers of medium low-cost housing, said MDC in a statement.

KUALA LUMPUR: Malaysians can expect to see housing supply decline and housing prices spike should the build-then-sell (BTS) method of property development be implemented, said members of a panel discussion on the topic “Build-then-sell: The impact on property prices” at The Edge Investment Forum on Real Estate 2011 last Saturday.The panellists were Bandar Utama township developer See Hoy Chan H

KUALA LUMPUR: Should the Build-Then-Sell (BTS) method be made compulsory in Malaysia, the country can expect to see a reduction in housing supply and impact prices in the near term, according to members of a panel discussion on the topic "Build-then-sell: the impact on property prices" at The Edge Investment Forum on Real Estate 2011 on Saturday, April 9.

Full house at the forum - photo by Abdul Ghani Ismail/TheEdge

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) plans to submit a memorandum containing recommendation on the proposed amendments to the Housing Development Act (118) to authorities beyond the Ministry of Housing and Local Government in two months, said president Datuk Seri Michael Yam.

PETALING JAYA: The recently announced "My First Home Scheme" is set to mostly benefit smaller property developers outside the Klang Valley that offer affordable houses priced between RM100,000 and RM250,000, said property analysts.

Among the listed property developers that offer or have plans to build such properties are YNH Property Bhd and Hua Yang Bhd.

Event: Organised by The Real Estate and Housing Developers' Association (Rehda), the annual expo brings together the nation's developers and business related to property under one roof to showcase their products. Among the exhibitors are I&P Group, Sunway City Bhd, Titijaya Group, CIMB Bank and Citibank.