Buyers' right to
07/07/2007 NST Letters-to-Editor By S.M. Mohamed, Consumers Association of
We refer to the Viewpoint "Far
from being rotten" (NST-Property, June 23, by Datuk Eddy Chen, the immediate
past president of the Real Estate and Housing Developers' Association (Rehda).
His argument is that abandoned
projects form only a small portion of the millions of housing units
successfully built, and as such, there is no need to change to the
Build-Then-Sell (BTS) system or its 10:90 variant.
We would like to point out that
abandoned houses are no small matter for those struggling to pay off loans
for units they will not see, much less live in, while at the same time,
paying rent for tenancies.
We do agree that millions of
houses have been delivered under the Sell-Then-Build system, but that does
not mean all buyers are happy with the final product. Poor workmanship is a
very common complaints.
We need the BTS system so that
buyers will not have to put up with abandoned projects or poor workmanship
Developers should rightly bear
the risks because profit-making comes with risks.
Only experienced developers with
an excellent track record and good financial standing should remain the