KUALA LUMPUR (Oct 30): The National House Buyers Association (HBA) has lauded the Ministry of Local Government Development (KPKT)’s move towards the build-then-sell (BTS) concept, crediting minister Nga Kor Ming and deputy minister Akmal Nasrullah Mohd Nasir “for having the courage and boldness to finally realise” it.
In an announcement last Friday (Oct 27), Nga had said the ministry is looking to introduce incentives for the BTS concept for local residential developments as an effort to reduce Malaysia’s abandoned and sick projects.
“The absolute BTS (0/100%) is the way forward to close the floodgates of abandoned, sick and problematic housing projects. It is in line with the nation’s blueprint: Dasar Perumahan Negara (National Housing Policy)”, HBA, said in a response to EdgeProp.