Let developers bear the risk Main/Lifestyle Edition
Unlike victims of other catastrophes whose plights are dramatic and sometimes life-threatening, the plight of these "unsung" victims of our housing delivery system, goes largely unnoticed. They suffer in silence. The system compels buyers (or their banks if they have secured a loan) to mak...
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| Published in | New Straits times |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Kuala Lumpur
The New Straits Times Press (M) Berhad
10.02.2006
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| Online Access | Get full text |
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| Summary: | Unlike victims of other catastrophes whose plights are dramatic and sometimes life-threatening, the plight of these "unsung" victims of our housing delivery system, goes largely unnoticed. They suffer in silence. The system compels buyers (or their banks if they have secured a loan) to make progressive payments to developers during the various stages of construction based solely on the developers' engineers/ architects' certification. We strongly believe that the 10-90 system will totally insulate house buyers from the business risks that should rightfully be borne only by the developers and their banks. |
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