Compelling housing developers to implement the build-then-sell (BTS) structure, a policy that is being considered by the government, will lead to more expensive homes, warns Knight Frank Malaysia.
In a statement yesterday, the property consultancy said Malaysia was not yet ready for the BTS structure, adding that it should be free for developers to decide on the model of the development.
“The structure generally will increase cost on housing units, therefore against lowering house prices and affordability,” said Knight Frank Malaysia managing director Sarkunan Subramaniam.
The BTS system, which is being proposed to replace the much-preferred sell-than-build structure, is one of the policies under the Housing and Local Government Ministry’s (KPKT) recently announced National Housing Policy 2.0.
Media Title: The Star
Date: 12 Feb 2019