02.04.2012 - Malaysia property market not ready for BTS concept
The Master Builders Association of Malaysia (MBAM) says the Malaysian property market is not ready for the implementation of the build-then-sell (BTS) model on a compulsory basis. MBAM president Kwan Foh Kwai said property development was a very capital-intensive business with many of the players comprising small-and-medium enterprises. I dont object to the model, but until there is a giant property company with the financial capacity to do business using the BTS concept completely, our market is not ready for it, he told Bernama in an interview...............................................Full Article: Source
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