BTS seem pro more for buyer/investor/flipper, what do you think developer keen to do that? Any incentive if they do so?

This post has been edited by samkps: Sep 6 2014, 11:00 PM

You don't even know what are you talking about. Funny questions. Quickly buy a house and understand all the rules and procedures. Thn you wont ask this funny questions again.

Anyway, for your info, BTS wont happened next year for sure. 101% confirmed. But CTB will happen.
Good for 1st time home buyer like you.

Told you no developer so stupid want to start BTS. Unless gomen new ruling. Jz wait for CTB la.

Haizzz...after pay 10% consider sold liau la. BTS = Lepas bina baru jual?

whats is CTB?

Latest term fr DDD camp : Crash Then Buy.

Like that can walk to klcc lor.....save petrol n parking too

Yalor. After pay 10% is consider bought already or not jek...

If not yet...after bbw pay 10% DP, can I go pay 11% DP n buy over the unit bbw paid 10%?

I confuse here leh....paid DP but still not yet buy n I got to worry developer ll sell to others before I go get loan. What if got some one not need get loan n pay full cash 2-3 months before completion. Can I complain to developer if he sold my units but developer can say built then sell which he has not sold the unit to me or not??? blur blur wong can answer or not jek???

If the house crash already, how to buy jek....

your peers samkps is of the view BTS is a better advantage than DIBS, can flip better and shorter period.. kind of contradictory right? if it flips better means developers must be selling better right?

why you wanna say developers are so stupid unless gov make it compulsory?

developers research package everything= 403k
flippers upon vp = trying to sell 750k above, is this included in their market research?

likewise with BTS, in 2014 they start building, 3 months before vp i.e by 2016 can sell 750k?

if that is so, BTS will favor developers and flippers more.. developers get to sell at higher price, they can flip it themselves... why wanna let flippers profit the 300k without doing anything? they bare the bigger risk like completing, constructing the unit..

of course the game is not like that, new launches now days also cant finish selling.. even with freebies discounts and etc..

by the time you sign the S&P, you pay 10% straight, the lawyers will lodge caveat on the master title.. the bank you borrowing 90% loan will also lodge charge..

you never dealt with sub sales before meh? cannot sell yet? like this ppl pay your agent 2%, you go and sell again, then upon signing S&P you pay remaining 8%, you collected 8% then sell again to other ppl.. can or not?

you never dealt with subs sales before?

what makes you think they are not holding any units? they going to sell cheap cheap even 3 months before VP?

flippers of course can buy and claimed 3 months before vp straight away can sell, question is?

in normal buy/pay before selling situation:

developers launched in 2014, take camelia residence= 430k

so by the time it finish in 2016= flippers trying to sell 750k ( quality of camelia is better than SP setia)

at the point of purchase with rebates and etc, only bought at 430k, servicing the loans come on 2016 after vp, got good reason to increase the proeprty after going 2 years and vp right? but still not doing good... subsales rates your goodselves know

in BTS,

developers start building now 2014, no price yet coz built and sell,

3 months before vp, you pay 10% and get loan of 90%, you say will flip better?

what is the price the developers going to sell 3 months before vp? 430k? like above, selling prices 2 years before?

so 3 months after you got vp, straight away serve full interest... what makes the price up again 3 months before vp? if you say the same, i.e still got profit the expected profit of rm200k above.. why developers are jot doing BTS and need gov to force them to do?

coz flippers mentality= whether BTS or not, moment they launched still wallop all units...?

From the various reports and write-ups since the Dep. Prime Minister Dato Seri Najib Razak announced the new 10:90 concept of house purchase and delivery we get the impression that there are a lot of confusion and misunderstanding as to what the announced 10-90 system entails. The present progressive payment system (sell then build-STB) is generally well understood due to the fact that it has been the mode of house purchase for the past few decades. The build then sell (BTS) system is where developers sell only completed houses. A few financially strong developers with developments in prime locations have adopted the complete BTS system and hence it is not a totally alien system. Housing projects that are build and marketed using the complete BTS system need not comply with the statutory standard Sale and Purchase Agreements. It is not difficult to see the vast difference though.

However, the system that was announced by the government
is not a system that is truly BTS. It is actually a midway between the present progressive payment (STB) and the complete BTS. You may call it a variant of the STB or a variant of the BTS, or 'Deferred Payment' basis, it matters little. We would prefer to term it the 10-90 concept so that it portrays a more accurate picture of what the system entails. What is important also, is to understand the mechanics of it.

In the announced 10-90 system a buyer pays a deposit of 10% and thereafter the balance of 90% will only be payable upon the due completion of the house together with the issuance of the Certificate of Fitness (for Occupation). The 10% is paid to the lawyers acting as Stakeholders and the sale is 'locked-in'. For the house buyers, it is still a purchase based on brochures and advertisement on a concept. The 10:90 system is still a "Sell first then Build" model as homes are still yet to be build or completed at the time of signing of the sale & purchase agreement. However the big difference is that if the developer for whatever reasons fails to complete the project or abandons the project, the buyers are insulated from the disastrous fallout.

Obviously, with the introduction of the 10-90 system, a new set of Standard Sales and Purchase Agreements needs to be put in place. The Legal Committee of the National House Buyers Association have put their heads together and have prepared a copy of our proposed draft Sales & Purchase Agreement to cater for the 10-90 system. We have, during a formal dialogue held with senior officials of the Ministry of Housing & Local Government, presented copies of our efforts to Yg Bhg Dato Ahmad Fuad the Ministry's Sec Gen. We term them the Schedule J & K - Sale & Purchase Agreement 10:90 concept.

To better understand the various existing sale transaction and the payment systems for the different types of purchase; the same are enumerated from this table:

Table1: Comparison on the delivery systems


Completed Properties Progressive Payment System (Sell-Then-Built) 10:90 payment System
(1). On the signing of the Sale & Purchase Agreement (SPA) Pay 10% of Purchase Price Pay 10% of Purchase Price Pay 10% of Purchase Price
(2). Waiting period for Completion of Construction & Notice of Delivery of Vacant Possession None Within 24 or 36 months or more upon Architect's Certification of Completion * Within 24 or 36 months or more upon Architect's Certification of Completion
(3). Buyer to complete payment/s 3 months from SPA Date (in normal situations) Progressive payment system (10; 10; 15; 10; 10; 10; 5; 5; 5; 12.5; 2.5; 5 in % (from first 10% payment or SPA Date) while waiting for completion of construction 90% of Purchase Price at 24 or 36 months from SPA Date depending on the regulated contract of sale
(4). Waiting period for actual occupation with Certificate of Fitness for Occupation (CFO) None Within 14 days from Vacant Possession or longer depending on Developers' architect to procure the issuance of CFO. *Proposed Vacant Possession with CFO
(5). Waiting period for transfer of individual/strata titles Varies on whether titles have been issued at the time of signing of SPA Varies from developer to developer *Proposed Vacant Possession with issuance of titles
* Proposals made by HBA

As can be seen from the table above, the 10:90 payment system is still a contract to sell (through the signing of the SPA), build then deliver. The term "Built-then-Sell" is hence not appropriate and should not be used in its entirety, when referring to the 10:90 system as the two systems encompass substantially different characteristics.

To avoid further misconceptions and confusions, perhaps we should all refer to this recently announced concept as 10:90 system rather than confusing it as a BTS system.

source:

http://www.iproperty.com.my/news/668/what-...build-then-sell

Come on..show me wrong. No fun bully ddd pipu like u. A bit sien liao coz always win. I want to get it wrong this time. Show me pure BTS project in the market except shc. Got balls or not to take up this challenge?

You confused. Question also confused. You confused with a confused question.

I never leh. Becoz i dont flip.

BTS good for genuine buyer. Bad for flipper. Bad for developer. Good to create healthy property market. Eliminate bubble. Lesser supply. But which developer want BTS? Who can BTS?

This post has been edited by CloudAtla$: Sep 7 2014, 07:24 AM

Where BTS? Where? Show me one BTS project.

ask the news.. i didnt quote it..