Bear bear, this project no good la, if I were u, i will choose SEH or EM for sure

So far.. only one BTS I encounter...none yet

sure

correct. however under 10:90, the SPA is only signed near to property completion. Which means even if you place the booking 2 years before completion, your SPA is only signed 2-3 months before completion, which means you cannot flip the property before it is completed, as the property is technically not yours yet. you have only placed a booking on it.

depends on developer. the one i'm dealing now only sign spa during launch which is done when property is already 80+% completed.

for 10%:90%, you pay 10% on booking, the property is considered SOLD, however the catch is that you have not BOUGHT the property, as it does not belong to you yet. Therefore you cannot sell the unit before completion (flip).

What i'm not sure is the remaining 90%. i.e if you sign the S&P when property is almost completed, you have 3 months after S&P for the remaining 90% completion, therefore you need a loan on the property. question is, what if the property is delayed and you cannot take your keys in the 3 months after signing S&P? do you still have to settle the 90%?

my mistake in explaining. the booking fee (earnest deposit) is is a lower amount paid to secure the unit. It goes in to the 10% DP which is meant to be paid when signing S&P. As for S&P signing it will be near to completion date. and since it is BTS ( actually 10:90), they usually do not allow you to place any bookings until a certain completion %.

actually, what answer you are seeking here? the developers to finish built it 100% with title then start selling to qualify your built and sell?

or are you trying to say this built and sell scheme is no different from the current sell and built?

you are just trying to say this is also sell (at 70% completion) then built the remaining 30%?

is this concept good or not? does this give lesser risk of project abandoning? perhaps?

is it a problem for you to not be able to precisely term built & sell to be restrictive as what you meant?

nope, and yes.
I am explaining based on real experience. As 10:90 isn't very popular yet in malaysia maybe you can guess on your own which property dev is beginning sell this way.

Bbw might start to join the prop collection, this is just 1st house, soon or later might buy some at seh and em for collection.

Good questions. i cannot answer all since i'm not the developer

but i answer to my knowledge.

first you got something wrong. 10% is paid on SPA

for booking it is up to developer to decide the amount like your normal Sell then Build property (earnest deposit) - 5k? 10k?

1. This ED amount is refunded provided bank rejection letter. some developers need 1 some need 3 i heard.
2. This i dont know
3. Loan application to be done before SPA. but yes i guess you can mark the project. but you will only get you ED back if bank reject your loan.
4. Refer to 3. non-refundable if no bank rejection letter.
This is as far as i know laa

10% is paid on SPA, so when is the SPA sign ? 3 months before completion or 14 days after u sign booking form?
If SPA sign 3 months before completion then I can whack 10 units and wait for market response when completed, in even the project is not good then I only lost Partial ED, if really good I simply can flip

If I sign SPA after booking then would this consider built n sell? How could I secure a 3 years later loan from bank because money only disburse after completion. Usual practice is secure loan only sign SPA..how bank going to assest my financial 3 years in advance ?

Do buyer get any protection from housing developer act if SPA sign 3 months before completion ?

3- to your answer , 3 I can very easily get my loan rejected from bank..I simply don't provide enough document for loan application. Further , rejection the term is very wide, how if I not get the rate i want ? How bout margin of finance, let say loan rejected for 90% but approved if I loan for 80%?

Anyway , developer cannot forfeit any earnest deposit according housing development act before signing SPA..they only can charge certain processing fees.
Sorry for a lot question. Actually I just try brainstorm 

lol chill guys, i am only explaining based on what i know, which isn't much. whether there is such a thing out there only time will tell if im right or wrong. also, whether there is a property out there which can be bought like this is also up to you to find out. if you guys have doubts it is also no loss to me. i'm not trying to sell anything here

So, that's mean you don't know the price of the property as it starts building (2 - 3 years ago), the price is only available during launching (recently), which is about 3 months before completion, right?

I think the developer is inexperience, their way of conducting 10:90 system will impose many problems to the purchasers later. This is not suppose the right way.

The right way of 10:90 system is - sign the SPA and pay 10% before the construction starts, after only completion, the buyers pay the remaining of 90%.

Sign SPA 3 months before completion looks to me is very confusing and problematic..   

May be now developer try to change term from DIBS to BTS leh..difference pot but same medicine..

For developer side , if can do BTS with final phase only sign SPA why not fully built only sell..no need let buyer to lock in the early price and profit margin can be higher.

Anyway might be new marketing schemes n might have some hidden clause. If wanna know true anot may be we should go site visit developer office.

If really got such things then everyone can whack 10 units. Booking fees 10 x 10= 100k, if near completion not ngam , cancel booking n ask developer refund. After minus handling charges may be get back 70k.

If can flip 100k for 1 unit , then I only take 30k gamble for 1 mil profit.. Good good 

Let me chip in a bit as I've been dealing with KPKT housing licensing matters.
What be&a said are correct if the project has been undercon without any launches or open for sales.
It is a standard sales mechanism use in Hong Kong Property where developer there construct the project till 85% completion before open for sales/balloting. The reason is that the HK authority only approve advertising & sales permit  for actual/exited product which based on 'as is where is' selling concept, 'you buy what you get'. No cheating.

Upon signing of SPA, loan/balance must be ready to to release to the developer in lumpsum when VP, so there's no progress payment delay occur.

As far as I know, only one developer adopt this concept when malaysia start Built then Sell method, which is See Hoy Chan, for their 9 Bukit Utama Condo & The Effingham.
Unfortunately, not many malaysia developer are cash rich enough to go with HK sales concept, so our 'Built then Sell' are a bit unique, which is exactly as what Cloud & Sam explain.

So both is correct system, just the implementation my different

Cheers!

You are wrong again.

Many unbooked completed units = BTS. 

So developer sell at 700K ok but flipper sell at 700k to earn not ok...... 
U really got a very unique way of thinking...... 
And u mean flipper dont take risk at all?? 
Obviously u got prob with BTC ppl earning good money..... HUGE JEALOUSY MENTALITY!!   
Now really look u down......

refer to below for better explanation as my info is half past six.

maybe you should expand your market knowledge if you think only see hoy chan is doing this now.